A firm has invested $$800$ in a new nfachine that is expected to last for the next $8$ years. The machine will be depreciated on a straight line basis down to zero by the end of its $8$ year life. The firm projects that the machine will generate consecutive annual cash inflows of $$700$ beginning in one year and will generate consecutive annual cash oufflows at $300$ also beginning in one year.. Assuming the tax rate of $33\%,$ determine the firm's cash flow next year.

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Place your answer to dollars and cents. Do not include a dollar sign or a comma in your answer.

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