Alfredo Company purchased a new 3-D printer for $818,483. Although this printer is expected to last for ten years, Alfredo knows the technology will become old quickly, and so they plan to replace this printer in 7 years. At that point, Alfredo believes it will be able to sell the printer for $47,791. Calculate the first year of depreciation using the straight-line method. Round to the whole dollar, no decimal places