The Select Comfort Company purchased a mattress-stuffing machine 5 vears ago for $70,000. When purchased it had an estimated salvage value of $5,000 at the end of seven years. Last year, the mattress machine was overhauled at a cost of $3,000. The ofd machine can be sold today for $20,000. A new machine can be purchased for $69,300. It has a 2 -yoar life and is expected to reduce operating expenses by $50,000 per year. After 2 years, the new machine can be sold for $20,000. The company's cost of capital is 9% and the tax rate is 35%. Assume that depreciation is not tax deductible. Answer the following questions. What are the initial cash flows? (Answer in dollars and round to the nearest dollac.) What are the operating cash flows at the end of the first year? (Answer in dollars and round to the nearest dollar.) What are the terminal year cash flows? (Answer in dollars and round to the nearest dollar.) What is the npv of the replacement cash flows? (Answer in dollars and round to the nearest dollar.)