Swindler Ltd has completed a feasibility study costing $10,243 to determine if there is any benefit in purchasing a new asset. The machine will cost $326,048 and an additional $17,328 will need to spent to have the machine in operational state. Before the machine can be used staff must be trained at a further cost of $6,570.

The project is expected to last for 5 years and the Taxation Office has confirmed this. At the end of the project the machine will be fully depreciated.

Initial advertising costs are expected to $27,168 and additional stock of $5,733 will be needed. Wages will change from $88,204 to $63,785 and Fixed Costs will remain at $55,409.

The new machine is expected to produce sales of $1,617,221 in the first year and will grow by 11% each year of the project. Material costs will be 26% of sales in each year.

You are required to calculate the net cash flow (round to the nearest dollar and DO NOT include $ sign) that would appear in Year 0 of a Capital Budget.

Assume the Australian Company tax Rate applies.