Steamboat Springs Furniture, Inc., is considering purchasing a new finishing lathe that costs $58,582.00. The lathe will

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Steamboat Springs Furniture, Inc., is considering purchasing a
new finishing lathe that costs $58,582.00. The lathe will generate
revenues of $97,989.00 per year for five years. The cost of
materials and labor needed to generate these revenues will total
$49,581.00 per year, and other cash expenses will be $11,563.00 per
year. The machine is expected to sell for $9,937.00 at the end of
its five-year life and will be depreciated on a straight-line basis
over five years to zero. Steamboat Springs' marginal tax rate is
34.00 percent, and its cost of capital is 12.00 percent.
What is the project cash flow for the second year?