Old Tom Morrison Golf Inc. is evaluating a new product: high compression golf balls. The ball is tentatively called the "Guttie." The production line for the Guttie would be set up in an unused section of Morrison$$s main plant. The machinery will cost $$240,000.$ Morrison$$s inventories would have to be increased by $$30,000$ to handle the new line. The project is expected to last $2$ years with estimated EBITDA of $$200,000$ in each year. The machinery has an expected salvage value of $$40,000$ at the end of two years. Robertson$$s tax rate is $30\%.$ What are operating cash flows in the first year? $($Assume that depreciation is not tax deductible.$)$ Round your answers to the nearest dollar.

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