(Calculating changes in net operating working capital) Duncan Motors is introducing a new product and has an expected change in net operating income of $305,000. Duncan Motors has a 30 percent marginal tax rate. This project will also produce $45,000 of depreciation per year. In addition, this project will cause the following changes in year 1: Without the Project With the Project Accounts receivable Inventory Accounts payable $36,000 22,000 44,000 $21,000 35,000 85,000 What is the project's free cash flow in year 1? The free cash flow of the project in year 1 is $ . (Round to the nearest dollar.)