The Ally Gator Corporation of Meadville, PA, make of Ally's electronic components, is considering replacing one of its current hand-operated assembly machines with a new fully automated machine. Existing situation: Original depreciable value of old machine-$70,000 Expected life-10 years Age - 5 years old Expected salvage value in five years - $0 Current salvage value - $22,000 Marginal tax rate - 34 percent Proposed situation: Fully automated machine resulting in annual savings of $36,000 Cost of machine-$76,000 Installation fee-$8,000 Expected life-five years, depreciated down to $0 Salvage value in 5 years - $30,000 What are the relevant after-tax free cash flows?