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To open a new store, Rooney Tire Company plans to invest $290,000 in equipment expected to have a five -year useful life and no salvage

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To open a new store, Rooney Tire Company plans to invest $290,000 in equipment expected to have a five -year useful life and no salvage value. Rooney expects the new store to generate annual cash revenues of $323,000 and to incur annual cash operating expenses of $194,000. Rooney'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 Rooney opens the new store: (Negative amounts should be indicated by a minus sign.)

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