A company making plastic car parts buys new molding machines to expand its production capacity. The machines cost $3000000, with additional charges for delivery and installation totaling $36542. Employees will have to be trained to use the new machines, at the cost of $24712. With the increased production, accounts payable will go up by $45942, inventory by $50989, and accounts receivable by $68858 at the outset. These changes in the working capital will be recaptured at the end of the projects life of 5 years. The depreciable life of the machines is 10 years, and the company uses straight-line depreciation. The increased production will increase the sales revenue by $2000000 and the costs ,including depreciation, by $681643 per year in each of the next 5 years. The company expects to sell the machines after five years for $474748. The companys tax rate is 20% and its cost of capital is 12%. Compute operating cashflow for year 1. (SUBTRACT ACCOUNTS PAAYABLE FROM WORKING CAPITAL)