A project requires the purchase (in year 0 ) of a machine for $454,000. The firm will depreciate the machine to zero salvage value over its life of 8 years. The project will also generate incremental revenue and expenses of $357,000 and $105,000 each of years 1 through 8 as well. The firm's marginal tax rate is 21%. What is the project's incremental cash flow in year 1 ? Round your answer to the nearest penny