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(The answer is not -41,587.50 or -40,012.50. Thank you in advance!) Question 8 O out of 5 points Scholastic Co. is evaluating different equipment. Machine

image text in transcribed(The answer is not -41,587.50 or -40,012.50. Thank you in advance!)

Question 8 O out of 5 points Scholastic Co. is evaluating different equipment. Machine A has an initial cost of $85,000 and has a four-year life, and costs $45,000 per year to operate. The machine will be depreciated using straight-line and the relevant discount rate is 8%. The machine will have a salvage value of $20,000 at the end of the project's life. The firm has a tax rate of 21%. Calculate the operating cash flow in year 1. (Enter a negative value)

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