A firm is considering the purchase of a fixed asset for $500 that will be depreciated as a seven-year asset under MACRS. This project will last five years and the asset will be worth $75 at the end of...

A firm is considering the purchase of a fixed asset for $500 that will be depreciated as a seven-year asset under MACRS.  This project will last five years and the asset will be worth $75 at the end of the project.  The asset will cause the firm to reduce its net working capital by $60 at the beginning of the project but net working capital will revert back to normal at the end of the project.  The firm expects annual sales to be $750 and annual cost of goods sold to be $360.  The tax rate is 20%.  Find the cash flow from assets for year five.