A firm is considering a project with the following information: Project will require purchase of a machine for $117,430.00 that is MACRS depreciable over a five-year schedule. (no depreciation until end of year 1). Project will require immediate non- depreciable expenses of $27,844.00 TODAY (year 0). Project will have the following projected balance sheet values of NWC: YEAR NWC Level $4,000 0 2 8.00% of sales 10.00% of sales . Sales for the project will be $50,898.00 per year, with all other expenses (excluding depreciation) at 43.00% of sales. The tax rate for the firm is 35.00%, while the cost of capital is 15.00% assume project goes beyond two years What is the project's cash flow for year 1? Answer Format: Currency: Round to: 2 decimal places. Enter Answer Here