Your company is considering a new project whose data are shown below. The required equipment has a 5- year economic life, and it will be depreciated by the straight-line method. Revenues and other operating costs are expected to be constant over the projects life. What is the projects Year 5 cash flow?

Equipment cost $50,000

Shipping and installation cost $5,000

Investment in net operating working capital $6,000

Salvage value $5,000

Sales revenue, each year, $20,000

Operating costs (excluding depreciation) $6,000

Tax rate 35%