Question 8 (3 points) The Turo Company is considering a new project. The equipment for the project would cost $890,000, and it would cost another $100,000 to modify it for special use. The equipment falls into the MACRS 3-year class, and it would be sold after 3 years for $605,000. The MACRS rates for the first three years are 0.3333, 0.4445, and 0.1481. The equipment would require an increase in net working capital (inventory) of $44,000. The equipment would not change revenues, but it is expected to save the firm $380,000 per year in before-tax operating costs, mainly labor. Turo's marginal tax rate is 35%. What is the Year O net cash flow? Input as a whole number (-$1,000.42 as - 1,000)