A firm has invested $$700$ in a new machine that is expected to last for the next $5$ years. The machine will be depreciated on a straight line basis down to zero by the end of its $5$ year life. The firm projects that the machine will generate consecutive annual cash inflows of $$600$ beginning in one year and will generate consecutive annual cash outflows at $290$ also beginning in one year.. Assuming the tax rate of $38\%,$ 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.