Wilde Cap Resort (WCR) has spent $233,000 on a management consultant report that reviewed the feasibility of installing new plant that costs $600,000 and replace their old plant. Training of staff to operate the new plant will cost $203,000 and must be paid today. This amount is tax deductible when paid. However, the firms managers propose to spread out the training expense over the 10 year life of the project. The new plant will require an inventory level of $282,000 from the existing level of $177,000 at the beginning of operations. The companys accountant recommends including the $233,000 prepaid expense of the management consultant report as an opportunity cost in the analysis. The old fully plant will be sold today for $46,000 if WCR proceeds with the new plant. The old plant would be worthless in 10 years time. The capital expenditure cost of the plant will be partly financed with the proceeds from a $491 million bank loan. What is the initial cash flow of the project if the corporate tax rate is 30%? Provide your answer to the nearest dollar.