The finance team of Talbot has identified the following information for the first year of the project:

Talbot Industries Inc. has determined that the cash flows the company will have if it buys the equipment is $100 million. However, if the firm rejects the expansion project and keep to its existing machinery and equipment, it will still be able to maintain its $65 million cash flows. Calculate the firms incremental or relevant cash flows.

Projected sales	$18 million
Operating costs (excluding depreciation)	$9 million
Depreciation	$2 million
Interest expense	$4 million