To open a new store, Baird Tire Company plans to invest $208,000 in equipment expected to have a four-year useful life and no salvage value. Baird expects the new store to generate annual cash revenues of $319,000 and to incur annual cash operating expenses of $191,000. Bairds average income tax rate is 30 percent. The company uses straight-line depreciation.

Required

Determine the expected annual net cash inflow from operations for each of the first four years after Baird opens the new store. Note: Negative amounts should be indicated by a minus sign.