Marc Corporation wants to purchase a new machine for $400,000. Management predicts that the machine will produce sales of $275,000 each year for the next 5 years. Expenses are expected to include direct materials, direct labor, and factory overhead (excluding depreciation) totaling $80,000 per year. The company uses MACRS for depreciation. The machine is considered to be a 3-year property and is not expected to have any significant residual value at the end of its useful life. Marc's tax rate, t, is 40%. Management requires a minimum after-tax rate of return of 10% on all investments. A partial MACRS depreciation table is reproduced below.

Year	3-year property	5-year property
1	33.33	20.00
2	44.45	32.00
3	14.81	19.20
4	7.41	11.52
5		11.52
6		5.76

What is the annual after tax cash flow (AATCF) in Year 1 from the proposed investment (rounded to the nearest thousand)?