Your company is considering a machine that will cost $1,000 today (i.e., at t=0) and which can be sold after 3 years for $100. To operate the machine, $400 must be invested today in inventories; these funds will be recovered when the machine is retired at the end of Year 3. The machine will produce sales revenues of $1,500/year for 3 years; variable operating costs (excluding depreciation) will be 50 percent of sales. Operating cash inflows will begin 1 year from today (i.e., at t=1). The machine will have depreciation expenses of $500, $300, and $200 in Years 1, 2, and 3, respectively. The company has a 40% tax rate. Inflation is zero. What is the Net CF at the end of year 3?

Year	0	1	2	3
Sales		1500	1500	1500
-Costs		750	750	750
-Depreciation		500	300	200
EBIT		250	450	550
- Interest		0	0	0
EBT		250	450	550
-Taxes		100	180	220
NI		150	270	330
+Depreciation		500	300	200
Operating CFs	0	650	570	530

Initial CF	-1,000
Op CF	0	650	570	530
CF effect due to chg in NOWC	-400			?
Salvage (after-tax)				?
Net CF	-1,400	650	570	???

Group of answer choices

630

1,030

830

990