ABC Company is considering a new project. The required new equipment will cost $71,069 and has a 3-year MACRS life, with the allowed depreciation rates of 33.33%, 44.45%, 14.81%, and 7.41% for Years 1 through 4. The new project is expected to generate annual sales revenues of $82,425 and operating costs (excluding depreciation) equal to 40% of annual sales. The company expects sales and operating costs (excluding depreciation) to be constant but an increase in net working capital each year equal to 14.7% of annual sales over the project's 4-year expected life. The company's tax rate is 35%. What is the net cash flow in YEAR 1 of this new project? Do not discount the cash flows to year 0. Round your answer to the nearest dollar, I e.g.. XX.XXX. (Hint: Use the Net (Operating) Cash Flow formula starting with sales or revenues.)