A firm has invested $$800$ in a new machine that is expected to last for the next $6$ years. The

machine will be depreciated on a straight line basis down to zero by the end of its $6$ year life. The

firm projects that the machine will generate consecutive annual cash inflows of $$700$ beginning in

one year and will generate consecutive annual cash outflows at $290$ also beginning in one year..

Assuming the tax rate of $33\%,$ 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.