A firm is considering a project with the following information: Project will require purchase of a machine for $115,765.00 that is MACRS depreciable over a five-year schedule. (no depreciation until end of year 1). Project will require immediate non-depreciable expenses of $27,285.00 TODAY (year 0). Project will have the following projected balance sheet values of NWC:

YEAR	0	1	2
NWC Level	$4,000	8.00% of sales	8.00% of sales

Sales for the project will be $49,624.00 per year, with all other expenses (excluding depreciation) at 49.00% of sales. The tax rate for the firm is 39.00%, while the cost of capital is 12.00% *assume project goes beyond two years

What is the projects cash flow for year 2?