$($CHAPTER $10)$

Your company is considering a new investment project. It's estimating that in the first year it will be able to receive $$359,000$ in sales revenue, the production costs will total $$275,000,$ and it will be in the $39\%$ corporate income tax rate bracket. In addition, your company would need to spend $$800,000$ on buying production equipment, which will be depreciating straight line over $8$ years.

Calculate the estimated first year Operating Cash Flow.

Increase decimal places for any intermediate calculations, from the default $2$ to $6$ or higher. Only round your final answer to TWO decimal places: for example, $10,000\mathrm{.}23.$

Do NOT use $"$$$"$ in your answer.