You have been asked by the president of your company to evaluate the proposed acquisition of a new special-purpose truck for $70,000. The truck falls into the MACRS 3-year class, is not eligible for either bonus depreciation or Section 179 expensing, and it will be sold after three years for $19,900. Use of the truck will require an increase in NWC (spare parts inventory) of $1,900. The truck will have no effect on revenues, but it is expected to save the firm $23,700 per year in before-tax operating costs, mainly labor. The firms marginal tax rate is 21 percent. What will the cash flows for this project be for year 0, 1, 2 and 3?

Year: 0 - 1 - 2 - 3

FCF: