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A firm has invested $ 6 0 0 in a new machine that is expected to last for the next 7 years. The machine will

A firm has invested $600 in a new machine that is expected to last for the next 7 years. The machine will be depreciated on a straight line basis down to zero by the end of its 7 year life. The firm projects that the machine will generate consecutive annual cash inflows of $750 beginning in one year and will generate consecutive annual cash outflows at 270 also beginning in one year.. Assuming the tax rate of 35%, 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.

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