Relevant cash flows for a marketing campaign Marcus Tube, a manufacturer of high$-$quality aluminum tubing, has maintained stable sales and profits over the past $10$ years. Although the

market for aluminum tubing has been expanding by $3\%$ per year, Marcus has been unsuccessful in sharing this growth. To increase its sales, the firm is considering an aggressive marketing

campaign that centers on regularly running ads in all relevant trade journals and exhibiting products at all major regional and national trade shows. The campaign is expected to require an

annual tax$-$deductible expenditure of $$146,000$ over the next $5$ years. Sales revenue, as shown in the income statement for $2020,$ totaled $$19,400,000.$ If the proposed marketing campaign is

not initiated, sales are expected to remain at this level in each of the next $5$ years, $2021$ through $2025.$ With the marketing campaign, sales are expected to rise to the levels shown in the table

for each of the next $5$ years; cost of goods sold is expected to remain at $75\%$ of sales; general and administrative expense $($exclusive of any marketing campaign outlays$)$ is expected to remain at

$11\%$ of sales; and annual depreciation expense is expected to remain at $$480,000.$ Assuming a $21\%$ tax rate, find the net cash flows over the next $5$ years associated with the proposed marketing

campaign.

Data table

$($Click on the icon here $$ in order to copy the contents of the data table below into

a spreadsheet.$)$

Year $2021-$ sales revenue $$19900000$

Year $2022-$ sales revenue $$20400000$

Year $2023-$sales revenue $$20900000$

Year $2024-$ Sales revenue $$21900000$

Year $2025-$ Sales revenue $$22900000$