Your corporation is considering replacing older equipment. The old machine is fully depreciated and cost $51,930.00 seven years ago. The old equipment currently has no market value. The new equipment cost $66,021.00. The new equipment will be depreciated to zero using straight-line depreciation for the four-year life of the project. At the end of the project the equipment is expected to have a salvage value of $19,966.00. The new equipment is expected to save the firm $34,638.00 annually by increasing efficiency and cost savings. The corporation has tax rate of 35.45% and a required return on capital of 8.02%. Please enter your answers with two decimal places, as these are dollar amounts.

What is the total initial cash outflow? (Show as a negative number): $

What are the estimated annual operating cash flows? $

What is the terminal cash flow? $

What is the NPV for this project? $