Initial cash flow: Basic calculation Cushing Corporation is considering the purchase of a new grading machine to replace the existing one. The existing machine was purchased $3$ years ago at an installed cost of $$19,400$; it was being depreciated under MACRS using a $5-$year recovery period. $($See table $$ for the applicable depreciation percentages.$)$ The existing machine is expected to have a usable life of at least $5$ more years. The new machine costs $$35,900$ and requires $$4,900$ in installation costs; it will be depreciated using a $5-$year recovery period under MACRS. The existing machine can currently be sold for $$24,200$ without incurring any removal or cleanup costs. The firm is subject to a $21\%$ tax rate. Calculate the initial cash flow associated with the proposed purchase of a new grading machine.

The initial cash flow will be $ $($Round to the nearest dollar.$)$