View Policies Current Attempt in Progress Culver Vita produces a wide range of herbal supplements sold nationwide through independent distributors. In response to an increasing demand for its products, the company is considering the purchase of a new packaging machine to replace the seven- year-old machine currently in use. The new machine will cost $155,050, and installation will require an additional $2,825. The machine has a useful life of 10 years and is expected to have a salvage value of $4,325 at that time. The variable cost to operate the new machine is $9.25 per carton compared to the current machine's variable cost of $9.34 per carton, and Culver Vita expects to pack 240,000 cartons each year. If the new machine is purchased, Culver Vita will avoid a required $9,425 overhaul of the current machine in four years. The current machine has a market value of $11,875. Identify the amount and timing of all cash flows related to the acquisition of the new packaging machine. (Enter negative amounts using a negative sign preceding the number eg.-45 or parentheses es. (45)) Cash Flow Timing Amount Purchase price Year o . $ Installation Salvage of old equipment Year : Salvage of new equipment Year 4 Variable cost savings Years 1-10 Avoided overhaul e Textbook and Media Assistance Used