Several years ago, Block & Tackle Inc. purchased a new laser cutting device for $1,000,000. The laser replaced an old mechanical device that was fully depreciated and was sold for $20,000. Today, the company is exiting the business for which the laser was purchased. The used laser is fully depreciated and can be sold for $100,000. Managers note that even now, some firms still use the old mechanical devices, and used machines of this type typically sell for about $10,000. As it winds up its business, Block & Tackle plans to collect $20,000 in receivables and sell off $40,000 in inventory that is still on the books, and at the same time, it will reduce accounts payable from $30,000 to zero. The firm's tax rate is 21%. What is the terminal cash flow?

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