ABC Company is considering a new project. The required new equipment will cost $65,627 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 constant annual sales of $89,611 and operating costs (excluding depreciation) equal to 40% of annual sales. It also expects an increase in net operating working capital equal to 12.7% of annual sales for each of the next three years. 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, but do not include $ in your answer, e.g., xx,xxx. (Hint: Use the Net (Operating) Cash Flow formula.)