consider the following facts about a company's new product: anticipated incremental annual revenues $300,000 anticipated incremental annual costs $100,000 research and development spent previous year $200,000 purchase of equipment to produce product $43,638 shipping and installation of production equipment $5,000 estimated resale value of equipment in three years $25,000 expected useful life 3 years macrs classification 5-year marginal tax rate 36% project cost of capital 13% what is the net cash flow for the first year of operations for this product? report your answer to the nearest whole dollar.
