$$24,700$ without incurring any removal or cleanup costs. The firm is subject to a $21\%$ tax rate. Calculate the initial cash flow associated with the proposed purchase of a new grading machine.

The initial cash flow will be $$,($Round to the nearest dollar.$)$

Data table

$($Click on the icon here $$ in order to copy the contents of the data table below into a spreadsheet.$)$

Rounded Depreciation Percentages by Recovery Year Using MACRS for

First Four Property Classes

$*$These percentages have been rounded to the nearest whole percent to simplify calculations while

retaining realism. To calculate the actual depreciation for tax purposes, be sure to apply the actual

unrounded percentages or directly apply double$-$declining balance $(200\%)$ depreciation using the half$-$year

convention.