Coache Corporation is considering a capital budgeting project that would require an investment of $300,000 in equipment with a 4 year useful life and zero salvage value. The annual incremental sales would be $610,000 and the annual incremental cash operating expenses would be $420,000. In addition, there would be a one-time renovation expense in year 3 of $37,000. The companys income tax rate is 30%. The company uses straight-line depreciation on all equipment.

The total cash flow net of income taxes in year 3 is: