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Your corporation is considering replacing older equipment. The old machine is fully depreciated and cost $ 5 4 , 8 7 6 . 0 0

Your corporation is considering replacing older equipment. The old machine is fully depreciated and cost $54,876.00 seven years ago. The old equipment currently has no market value. The new equipment cost $61,880.00. 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 $14,130.00. The new equipment is expected to save the firm $20,069.00 annually by increasing efficiency and cost savings. The corporation has tax rate of 31.67% and a required return on capital of 12.84%. Please enter your answers with two decimal places, as these are dollar amounts.
A. What is the total initial cash outflow? (Show as a negative number): $
B. What are the estimated annual operating cash flows? $
C. What is the terminal cash flow? $
D. What is the NPV for this project? $
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