Your corporation is considering replacing older equipment. The old machine is fully depreciated and cost $$51,892\mathrm{.}00$ seven years ago. The

old equipment currently has no market value. The new equipment cost $$55,770\mathrm{.}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

$$31,135\mathrm{.}00.$ The new equipment is expected to save the firm $$14,877\mathrm{.}00$ annually by increasing efficiency and cost savings. The

corporation has tax rate of $27\mathrm{.}74\%$ and a required return on capital of $10\mathrm{.}53\%.$ 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? $