Your firm needs a new machine for producing a specific product, as the old machine is no longer viable. Rather than simply replace the old machine with the same model, your production manager wants to try a new machine using a new technology. The new machine will cost $115,000, and will require another $15,000 to ship it and install it in place. It will also require an increase in net working capital of $8,000 up front. The new machine falls under the MACRS 5-year schedule for depreciation (20.00% in year 1, 32.00% in year 2, 19.20% in year 3, 11.52% in years 4 and 5, and 5.76% in year 6).

The production manager expects that the new technology will decrease operating costs by $38,000 per year for the five years it will be in operation. At the end of five years the project will end and the asset will be sold. It is estimated that the new machine will have a salvage (market) value of $12,000 at the end of five years. The appropriate discount rate for the new machine is 8.5%. The firm's tax rate is 35.0%.

What is the net operating cash flow for year 3? Report the figure to the nearest dollar, and enter a negative number with a minus sign.