Problem $12-9$ Project Cash Flows $($LG$12-6)$

You have been asked by the president of your company to evaluate the proposed acquisition of a new special$-$purpose truck for

$$50,000.$ The truck falls into the MACRS $3-$year class, is not eligible for either bonus depreciation or Section $179$ expensing, and it will

be sold after three years for $$20,700.$ Use of the truck will require an increase in NWC $($spare parts inventory$)$ of $$2,700.$ The truck will

have no effect on revenues, but it is expected to save the firm $$16,700$ per year in before$-$tax operating costs, mainly labor. The firm's

marginal tax rate is $21$ percent.

What will the cash flows for this project be for each year? $($Negative amounts should be indicated by a minus sign. Round your answers to $2$

decimal places.$)$