You are considering a new project that requires $$300,000$ investment in a machine, including installation and shipping cost. The life of the machine is three years, and it depreciates via $3-$year MACRS methods $(33\mathrm{.}33\%,44\mathrm{.}45\%,14\mathrm{.}81\%,$ and $7\mathrm{.}41\%).$ If you operate this project, the annual sales of the firm increases by $$250,000$ a year, and the annual operating expense increased by $$100,000.$ The firm has a marginal tax rate of $34\%.$ In order to start the project, the firm has to invest $$30,000$ in working capital. The expected market value of the machine is $$50,000$ in three years when the project is terminated. What is the annual cash flow of this project in the first year? Round to the nearest penny. Do not include a dollar sign in your answer.