Complete problem P10-21 using ASPE.

Data from P10-21

Original cost .................................................................  $7,000,000
Accumulated depreciation .........................................   4,300,000
Fair value ......................................................................     3,200,000
Costs to sell ..................................................................       145,000
Incremental cash flow 2011 ......................................      800,000
Incremental cash flow 2012 ......................................      900,000
Incremental cash flow 2013 ......................................      900,000
Incremental cash flow 2014 ......................................   1,000,000
Incremental cash flow 2015 and later .....................                 0
Risk-adjusted cost of capital ......................................            10%