Your company is considering the purchase of a new machine. After 4 years of operation, you would sell the machine for a salvage value of $56312.

Your company is considering the purchase of a new machine. After 4 years of operation, you would sell the machine for a salvage value of $56312. However, at that time the machine would not have been depreciated to a value of 0, but have a remnant book value of $21579. The operation of the machine requires additional NOWC of $22781, which would not change throughout the project. The firm's corporate tax rate is 40%. What is the project's Terminal Cash Flow?