A project will require $543,000 for fixed assets, $118000 for inventory, and $110000 for accounts receivable. Long term debt is expected to increase by $65,000. The project has a six-year life. The fixed assets will be depreciated straight - line to a zero book value over the life of the project. No bonus depreciation will be taken. The project is expected to generate annual sales of $905,000 with costs of $730,000.

Required:
What is the project's cash flow at Time 0?