Your company is considering a new investment project. It's estimating that in the first year it will be able to receive $$348,000$ in sales revenue, the production costs will total $$252,000,$ and it will be in the $38\%$ corporate income tax rate bracket. In addition, your company would need to spend $$400,000$ on buying production equipment, which will be depreciating straight line over $8$ years.

Calculate the estimated first year Operating Cash Flow.