Spokane, Inc., is considering a new 3-year expansion project that requires an initial fixed asset investment of $3.2 million. The fixed asset falls into the 3-year MACRS class (0.3333, 0.4445, 0.1481, 0.0741) and will have a market value of $252,000 after 3 years. The project requires an initial investment in net working capital of $360,000. The project is estimated to generate $2,880,000 in annual sales, with costs of $1,152,000. The tax rate is 35 percent and the required return on the project is 11 percent. What is the project's year 1 Cash Flow?