Wilber Corporation is considering replacing a machine. The replacement will cut operating expenses by $24,000 per year for each of the 5 years the machine is expected to last. Although the old machine has a zero book value, it has a remaining useful life of 5 years. There depreciable value of the new machine is $72,000. Wilber will depreciate the machine under MACRS using a 5 year recovery. It is subject to a 40% tax rate on ordinary income. Estimate the incremental operating cash flows attributable to thereplacment.