Riker Chrome Plating is considering the purchase of a new chemical bath to improve its production efficiency. Relevant information about the purchase follows: Cost (including installation) $550,000 Useful life 8 years Annual pre-tax cost savings $160,000 Salvage value $20,000 Depreciation method Straight-line Unrecoverable initial net working capital $7,000 Unrecoverable net working capital per succeeding year $2,400 Variable cost 15% of annual pre-tax cost savings Fixed cost $25,000 Riker has a tax rate of 22 percent and its discount rate is 9 percent. Prepare a schedule showing the after-tax cash flows that are associated with the purchase over its useful life. Assume, with the exception of the net working capital requirement in the terminal year, all cash flows occur at the end of each year