Postman Company is considering two independent projects. One project involves a new product line, and the other involves the acquisition of forklifts for the Materials Handling Department. The projected annual operating revenues and expenses are as follows: Project I (investment in a new product) Revenues $270,000 Cash expenses (135,000) Depreciation (45,000) Income before income taxes $90,000 Income taxes 22,500 Net income $67,500 Project II (Acquisition of Two Forklifts) Cash expenses $90,000 Depreciation 90,000 Required: Compute the after-tax cash flows of each project. The tax rate is 25 percent and includes federal and state assessments. Enter cash outflows as negative amounts and cash inflows as positive amounts