Company ABC is considering a new investment project. It is estimating that in the 1^st year, it will be able to receive $302,000 in revenue from sales, while production cost will total $272,000, and it will be in the 34% corporate income tax rate bracket. In addition, your company would need to spend $200,000 on buying equipment, depreciating over 11 years (straight line).

Find first year Operating Cash Flow.