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A new project is expected to generate $804341 in revenues, $348128 in cash operating expenses, and depreciation expense of $166372 in each year of its

A new project is expected to generate $804341 in revenues, $348128 in cash operating expenses, and depreciation expense of $166372 in each year of its 11-year life. The corporation's tax rate is 28%. The project will require an increase in net working capital of $85389 at the outset and a decrease in net working capital of $68520 in year 11. What is the operating free cash flow from the project in the first year, to the nearest dollar?

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