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To open a new store, Gibson Tire Company plans to invest $ 3 0 6 , 0 0 0 in equipment expected to have a

To open a new store, Gibson Tire Company plans to invest $306,000 in equipment expected to have a six-year useful life and no salvage value. Gibson expects the new store to generate annual cash revenues of $320,000 and to incur annual cash operating expenses of $187,000. Gibson's average income tax rate is 35 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 Gibson opens the new store.
Note: Negative amounts should be indicated by a minus sign.
\table[[,Net cash,Inflow or Outtlow],[Year 1,,],[Year 2,,],[Year 3,,],[Year 4,,]]
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