Incremental costs $-$ Initial and terminal cash flow

Consider the case of Acme Manufacturing:

Acme Manufacturing is considering a project that requires an investment in new equipment of $$3,360,000.$ Under the new tax law, the equipment is eligible for $100\%$ bonus depreciation at $t=0$ so the equipment will be fully depreciated at the time of purchase. Acme estimates that its accounts receivable and inventories need to increase by $$640,000$ to support the new project, some of which is financed by a $$256,000$ increase in spontaneous liabilities $($accounts payable and accruals$).$ The company's tax rate is $25\%.$

The after$-$tax cost of Acme's new equipment is $$

Acme's initial net investment outlay is $$

Suppose Acme's new equipment is expected to sell for $$200,000$ at the end of its four$-$year useful life, and at the same time, the firm expects to recover all of its net operating working capital $($NOWC$)$ investment. Remember, that under the new tax law, this equipment was fully depreciated at $t=0.$ If the firm's tax rate is $25\%,$ what is the project's total termination cash flow?

$$ $$434,000$

$$200,000$

$$150,000$

$$534,000$