Swindler Ltd has completed a feasibility study costing $21,115 to determine if there is any benefit in purchasing a new asset. The machine will cost $310,455 and an additional $10,136 will need to be spent to have the machine in operational state. Before the machine can be used staff must be trained at a further cost of $6,973. The project is expected to last for 5 years and the Taxation Office has confirmed this. At the end of the project the machine will be fully depreciated. Initial advertising costs are expected to $31,546 and additional stock of $55,950 will be needed. Wages will change from $85,000 to $50,955 and Fixed Costs will remain at $35,979. The new machine is expected to produce sales of $1,979,004 in the first year and will grow by 12% each year of the project. Material costs will be 27% of sales in each year. You are required to calculate the net cash flow (round to the nearest dollar and DO NOT include $ sign) that would appear in Year 1 of a Capital Budget. Assume the Australian Company tax Rate applies.