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Swindler Ltd has completed a feasibility study costing $16769 todetermine if there is any benefit in purchasing a new asset. Themachine will cost $318900 and an additional $14152 will need tospent to have the machine in operational state. Before the machinecan be used staff must be trained at a further cost of $9602.The project is expected to last for 5 years and the TaxationOffice has confirmed this. At the end of the project the machinewill be fully depreciated.Initial advertising costs are expected to $20571 and additionalstock of $68525 will be needed. Wages will change from $85000 to$39495 and Fixed Costs will remain at $59609.The new machine is expected to produce sales of $1125787 in thefirst year and will grow by 10% each year of the project. Materialcosts will be 24% of sales in each year.You are required to calculate the net cash flow (roundto the nearest dollar and DO NOT include $ sign) that would appearin Year 1 of a Capital Budget. Assume the Australian Company tax Rate applies.