TSX Ltd paid $22,000 two months ago for a feasibility study of a new metal-shaping machine. Today, they wish to conduct a capital budgeting analysis of the proposed new machine. The new machine costs $410,000 and will operate for 6 years, the projects life. TSX will have to train their staff on how to operate the new machine prior to operation, this will cost TSX $24,000. TSX will borrow $150,000 to help pay for it. The machine has a 11 year life for depreciation purposes. The machine requires an $7,000 increase in accounts receivable and a reduction in inventory of $10,000 from current levels will also occur. If TSX buy the machine they will be able to use some equipment that they currently own. Management is excited because they dont have to buy this equipment so they can save more. The equipment was bought for $350,000 six years ago and could be sold today for $28,000. This equipment has been written off for tax purposes and would be worthless in 6 years time. The staff training cost is an allowable tax deduction when paid however TSXs accountant has suggested spreading the staff training cost and the cost of the feasibility study over the life of the project. If the company tax rate is 30% and the appropriate discount rate is 17.5%, What is the net cash flow at the start of the project if TSX buy the new machine? Recoded your answer to the nearest dollar