A project is expected to increase a firm's sales revenues by $20,000 annually, decrease its cash expense by $25,000 annually, and increase its depreciation by $30,000 annually. The project has an expected economic life of 7 years. What is the net cash flow each year? Use 40% tax rate. Assume there is no working capital to be liquidated at the end of 10 years, and there is also no salvage value at the end of 10 years.