Propel Berhad is looking into a new project that costs RM200,000 that will provide annual net cash flow over the next five years of RM86,000, RM93,000, RM50,000, RM55,000,and RM60,000. At the end of the life of the project, RM 25,000 can be salvaged from assets disposal. The company's cost of capital is 6.53%.

The present value for the cash flow in Year 1 is RM____________.