A proposed capital expenditure project involves purchasing and installing new equipment. The equipment cost will be $40,000, with an additional $2,000 for delivery, and installation is estimated to be 5,000. The equipment has an expected life of 6 years, and an estimated salvage value of $20,000. The project requires an additional working capital investment of $10,000. The project revenues are forecast at 30,000 per year and cash expenses are estimated at 10,000 per year. The firm has a 35% marginal tax rate and a 10% weighted average cost of capital (WACC). Annual depreciation is expected to increase by 7833.33 per year, assuming simplified straight-line depreciation. Calculate the one-time, end of project cash flows from this proposed project.

a. 23,000

b. 30,000

c. 13,000

d. 20,000

e. none of the above