A construction company is purchasing a new machine that will cost $100,000. The machine is depreciated using straight line depreciation to a salvage value of $0 over its 5 year life. The new machine is expected to generate a revenue of $40,000 in the first year and the revenue is expected to increase by 5% each year thereafter. Operating costs are expected to be $15,000 in the first year and are expected to increase by 5% each year. If the firms marginal tax rate is 34 percent and the firm has a net working capital of $5000 at the initial time period and no other net working capital investments, what is the net cash flow in the second year?