A 5-year project has annual operating cash flow of $375,000. The project requires and up-front investment of $575,000 in NWC. NWC expected to reciver at end of year 5. The firm's investment in equipment amounted to $920,000

A 5-year project has an annual operating cash flow of $375,000. The project requires an up-front investment of $575,000 in net working capital. The NWC investment is expected to be recovered at the end of Year 5. The firm's investment in equipment amounted to $920,000 at the start of the project. This equipment will have a book value of zero at the end of the project, but can be sold for $280,000 (i.e., at t=5 on your timeline). The tax rate is 34 percent. What is the Year 5 cash flow? Round your answer to two decimal places