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A firm has invested $ 900 in a new machine that is expected to last for the next 6 years. The machine will be depreciated

A firm has invested $900 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 $800 beginning in one year and will generate consecutive annual cash outflows at 260 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.

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