The Taylor Company is planning to purchase a new machine for $30,000. The payback period is expected to be 5 years. The new machine is expected to provide after tax cash flow from operations of $7,000 per year in each of the next 3 years, and $5,500 in the fourth year. Depreciation of $5,000 per year will be charged to income for each of the 5 years of the payback period.

What is the amount of the cash flow from operations that the new machine is expected to produce in the last (fifth) year of the payback period?