Cerdik Packaging is considering a new project whose data are shown below. The equipment that would be used has a 4-year life, and the allowed depreciation rates for such property are 33%, 45%, 15%, and 7% for Years 1 through 4. Revenues and other operating costs are expected to be constant over the projects 4-year expected life.

What is the Year 1,2,3 and 4 operating cash flows?

Equipment cost (depreciable basis) $65,000

Sales revenues, each year $60,000

Operating costs (excl. deprec.) $25,000

Tax rate 35.0%