Cobra Golf Co. is considering a proposal to replace an existing casting machine for producing a new line of low quality golf clubs. The machine is expected to have a four year useful life and will be depreciated according to 3 year MACRS (0.25, 0.38, 0.37). The machine will cost the company $100,000 plus an installation cost of $30,000. Expanding the product line will increase the inventories by $10,000 initially. Projected EBT is $50,000 per year for next 4 years. Assume a marginal tax rate of 40% and cost of capital of 10%. What is the CF at time 0