Your company is considering a new investment project. It's estimating that in the first year it will be able to receive $316,000 in sales revenue, the production costs will total $278,000, annual depreciation will equal $10,000, and it will be in the 39% corporate income tax rate bracket. Calculate the estimated first year Operating Cash Flow. (Increase decimal places for any intermediate calculations, from the default 2 to 6 or higher. Only round your final answer to TWO decimal places: for example 10,000.23. Do NOT use "$" in your answer.)