Ennis Inc is considering an update to their existing economy printer line. The project will cost $338 today to purchase equipment that they will depreciate to zero over the 12-year life of the project using straight-line depreciation. Ennis anticipates that the update will generate $850 in new revenue and will increase operating expenses by $453 each year of the project. The project will also require a commitment of $150.89 in current assets and $108.48 in current liabilities for each year of the project. This means current assets and liabilities will increase in the first year of the project and then stay constant over the project life. Find the project cash flow for the first year of the project if Ennis has a tax rate of 44.24%.

The answer given was 191.42, I'm just not sure how to get there.