(CH9 Problem 11) Adam, Inc. is considering a new five-year expansion project that requires and initial fixed asset investment of $595,000. The fixed asset will be depreciated straight-line to zero over its five-year tax life, after which time it will be worthless. The project is estimated to generate $674,000 in annual sales with costs of $148.000. The project requires an initial investment in net working capital of $63,300 and the fixed asset will have a market value of $52,400 at the end of the project. If the tax rate is 15 percent, and the discount rate is 16.7 percent, what is the project's Year 1 net cash flow? Round your answer to the nearest penny. Be sure to denote a cash outflow with a negative sign