Your company is considering a new investment project. It's estimating that in the first year it will be able to receive $385,000 in sales revenue, the production costs will total $256,000, and it will be in the 31% corporate income tax rate bracket. In addition, your company would need to spend $900,000 on buying production equipment, which will be depreciating straight line over 6 years.

Calculate the estimated first year Operating Cash Flow.