URGENT

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 4 ye an installed cost of 519,500 ; it was being depreciated under MACRS using a 5-year recovery period. (See table for the applicable depreciation percentages.) The existing machine it have a usable life of at least 5 more years. The new machine costs $34,300 and requires $4,600 in installation costs; it wia be depreciated using a 5 -year recovery period under MACRS machine can currenty be sold for $25,700 without incurring any removal or deanup costs. The firm is subject to a 21% tax rate. Calculate the inital cash flow associated with the propose of a new grading machine. The initial cash flow will be s (Round to the nearest dollar.)