Your local athletic center is planning a $$1\mathrm{.}08$ million expansion to its current facility. This cost will be

depreciated on a straight$-$line basis over a $20-$year period. The expanded area is expected to

generate $$489,000$ in additional annual sales. Variable costs are $43$ percent of sales, the annual fixed

costs are $$129,400,$ and the tax rate is $34$ percent. What is the operating cash flow for the first year

of this project?