Your answer is partially correct. Ayayai 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 $173,800, and installation will require an additional $3,225. The machine has a useful life of 10 years and is expected to have a salvage value of $3,800 at that time. The variable cost to operate the new machine is $11.50 per carton compared to the current machine's variable cost of $11.58 per carton, and Ayayai Vita expects to pack 256,000 cartons each year. If the new machine is purchased, Ayayai Vita will avoid a required $11,300 overhaul of the current machine in four years. The current machine has a market value of $13,000. 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 e.g. (45).) Cash Flow Timing Amount Purchase price Year 0 $ 173800 Installation Year 0 3225 Salvage of old equipment Year 0 3800 Salvage of new equipment Year 10 Variable cost savings Years 1-10 Avoided overhaul Year 4 e Textbook and Media