The Everly Equipment Company's flange$-$lipping machine was purchased $5$ years ago for $$70,000.It$ had $an$ expected life $of10$ years when $it$ was bought, and its remaining depreciation $is$ $$7,000$ per year for each year $of$ its remaining life. $As$ older flange$-$lippers are robust and useful machines, this one can $be$ sold for $$20,000at$ the end $of$ its useful life.

A new high$-$efficiency, digital$-$controlled flange$-$lipper can $be$ purchased for $$120,000,$ including installation costs. During its $5-$year life, $it$ will reduce cash operating expenses $by$ $$25,000$ per year, although $it$ will not affect sales. The new equipment will have zero salvage value. MACRS depreciation will $be$ used, and the machine will $be$ depreciated over its $3-$year class life rather than its $5-$year economic life, $so$ the applicable depreciation rates are $33\mathrm{.}33\%,44\mathrm{.}45\%,14\mathrm{.}81\%,$ and $7\mathrm{.}41\%(There$ will $beno$ depreciation $in$ its fifth year since $it$ will already $be$ fully depreciated.$).$

The old machine can $be$ sold today for $$35,000.$ The firm's tax rate $is25\%,$ and the appropriate cost $of$ capital $is14\%.$What are the incremental net cash flows that will occur $at$ the end $of$ Years $1$ through $5?Do$ not round intermediate calculations. Round your answers $to$ the nearest dollar. Cash outflows, $if$ any, should $be$ indicated $by$ a minus sign.