53. Today is June 30, 2020. WhiteHill is considering entering a new market - for delivery drones. Doing so requires an initial investment in property plant and equipment of $566,456. The equipment was purchased earlier today. The equipment is being financed via a 3-year bank loan with equally-sized annual payments, using an annual interest rate of 6.77%. The equipment will be depreciated straight-line over five years using a half-year convention to a value of zero. The project will end after on December 31, 2023 at which time WhiteHill expects that the equipment to be sold for its market value of $109,309. Based on projected unit-sales of 2,000 drones between now and Dec 31, 2020, the project expects to generate $852,599 in revenue in the next six months. At this level of sales, for the next six months, COGS (for the drones only) is expected to be $330,516and SG&A (for the drones only) is expected to be $126,536. WhiteHill's tax rate is expected to be 37%. What is the CF from Operations in the first six months of the project?