Your company is considering a new investment project. It's estimating that in the first year it will be able to receive $326,000 in sales revenue, the production costs will total $264,000, and it will be in the 34% corporate income tax rate bracket. In addition, your company would need to spend $600,000 on buying production equipment, which will be depreciating straight line over 14 years.

Calculate the estimated first year Operating Cash Flow.