(Calculating changes in net operating working capital) Racin' Scooters is introducing a new product and has an expected change in net operating income of $480,000. Racin' Scooters has a 36 percent marginal tax rate. This project will also produce $96,000 of depreciation per year. In addition, this project will cause the following changes in year 1: Accounts receivable Inventory Accounts payable Without the Project $41,000 60,000 67,000 with the Project $67,000 82,000 90,000 What is the project's free cash flow in year 1? The free cash flow of the project in year is (Round to the nearest dollar)