#10

A firm has projected the following financials for a possible project:

YEAR	0	1	2	3	4	5
Sales		133,501.00	133,501.00	133,501.00	133,501.00	133,501.00
Cost of Goods		68,516.00	68,516.00	68,516.00	68,516.00	68,516.00
S&A		30,000.00	30,000.00	30,000.00	30,000.00	30,000.00
Depreciation		20,627.20	20,627.20	20,627.20	20,627.20	20,627.20
Investment in NWC	1,060.00	598.00	598.00	598.00	598.00	598.00
Investment in Gross PPE	103,136.00

The firm has a capital structure of 45.00% debt and 55.00% equity. The cost of debt is 8.00%, while the cost of equity is estimated at 12.00%. The tax rate facing the firm is 39.00%. (Assume that you can't recover the final NWC position in year 5. i.e. only consider the change in NWC for each year)

What is the cash flow for year 0? (express answer as a negative...)

Answer format: Currency: Round to: 2 decimal places.