Suppose that Calloway golf would like to capitalize on Phil Michelson winning the Open Championship in 2013 by releasing a new putter. The new product will require new equipment for $420,115.00 that will be depreciated using the 5-year MACFS schedule. The project will run for 2 years with the following forecasted numbers: Calloway has a 13.00% cost of capital and a 40.00% tax rate. The firm expects to sell the equipment after 2 years for a NSV of $126,723.00 What is the project cash flow for year 1? Answer format: Currency: Round to: 2 decimal places