Mary is considering opening a hobby and craft store. Mary plans to operate the business for six years. Mary requires a minimum 6% return on this investment.Ignore income taxes in this problem.)The data pertaining to her investment opportunity are:

Cost ofequipment$ 175,000

Working capitalneeded$ 185,000

Annual cash inflow fromsales$ 190,000

Annual cash outflow for operatingcosts$ 145,000

Salvage value ofequipment$20,000

Mary plans to operate the business for six years. Mary requires a minimum 6% return on this investment. What is the total cash outflow needed at the beginning of the project?You DO NOT need to enter as a negative number.ENTER YOUR ANSWER WITHOUT DOLLAR SIGNS OR OTHER DISCRIPTIONS.