= View Policies Current Attempt in Progress Concord Industries is considering the purchase of new equipment costing $1,270,000 to replace existing equipment that will be sold for $175,000. The new equipment is expected to have a $206,000 salvage value at the end of its 5-year life. During the period of its use, the equipment will allow the company to produce and sell an additional 31,100 units annually at a sales price of $21 per unit Those units will have a variable cost of $15 per unit. The company will also incur an additional $80,000 in annual foed costs. Identify the amount and timing of all cash flows related to the acquisition of the new equipment (Enter negative amounts using a negative sign preceding the numbereg. 45 or parentheses eg. (451) Cash Flow Timing Amount Purchase of new equipment Year o V 1270000 Salvage of old equipment Year o e Textbook and Media Attempts: 0 of 3 used Last ved 9 hours ago Saved work buta cubited on