Your company is considering a new investment project. It's estimating that in the first year it will be able to receive $330,000 in sales revenue, the production costs will total $258,000, annual depreciation will equal $11,000, and the company's taxable income will be in the 38% 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.