A company is planning to replace equipment. The new machine will generate of revenue and has annual operating expenses of . The old machines, installed year(s) ago, provide revenue of and had annual operating expenses of . Both new and old machines are classified as -year property for MACRS depreciation. The old machine was bought for and the price for the new machine is . Assume that the tax rate is and compute the operating cash flows for the first year of the replacement. (Please round your answers to dollars, but carry more significant figures in your intermediate calculations.)