A firm has invested $500 in a new machine that is expected to generate cash flows over the next 7 years. The machine will be depreciated on a straight line basis down to zero by the end of its life. The firm projects their annual cash inflows at $550 per year and annual cash outflows at 270 per year. Assuming the tax rate of 34%, determine the firm's cash flow next year. $ Place your answer to dollars and cents. Do not include a dollar sign or a comma in your answer.