Cochran Enterprises is looking at a new packaging system with an installed cost of $735,000. This cost will be depreciated straight-line to zero over the project's 7-year life. The new system will save the firm $215,000 per year in pretax operating costs, and the system requires an initial investment in net working capital of $67,000. If the tax rate is 19% and the discount rate is 8%, what is the project's Year 1 cash flow from assets? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1234567.)