Your company has spent $300,000 on research to develop a new computer game. The firm is planning to spend $50,000 on a machine to produce the new game. Shipping and installation costs of the machine will be capitalized and depreciated; they total $6,000. The machine has an expected life of 7 years, a $35,000 estimated resale value, and falls under the MACRS 10-Year class life. Revenue from the new game is expected to be $400,000 per year, with costs of $200,000 per year. The firm has a tax rate of 30 percent, an opportunity cost of capital of 13 percent, and it expects net working capital to increase by $60,000 at the beginning of the project. What will be the net cash flow for year one of this project?