West Inc. is considering a project to produce super ants. It is estimated that the initial cost of the equipment, including transportation, installation, and so forth, will be $753,000. West Inc also estimates that the revenues (sales) each year over the eight-year life of the project will be $370,000. The other yearly expenses (e.g., cost of goods sold, wages and salaries, etc.), will be $190,000. Fine Ants will finance $412,000 by loan with an interest rate of 7 percent per year. The working capital requirement is $268,000. West Inc uses straight-line depreciation and the equipment will have no salvage value at the end of its life. Assume a corporate-profits tax rate of 35 percent and assume that the IRS allows an investment tax credit of 9 percent for this kind of project. Also, assume that at the end of the life of this project the equipment can be sold for $234,000. Obtain the annual cash flow of the last period.