(Calculating changes in net operating working capital)Duncan Motors is introducing a new product and has an expected change in net operating income of $280,000. Duncan Motors has a 30 percent marginal tax rate. This project will also produce $48,000 of depreciation per year. In addition, this project will cause the following changes in year 1:

	Without the Project		With the Project
Accounts receivable	$34 comma 00034,000		$19 comma 00019,000
Inventory	28 comma 00028,000		42 comma 00042,000
Accounts payable	49 comma 00049,000		89 comma 00089,000

What is the project's free cash flow in year 1?

The free cash flow of the project in year 1 is $nothing. (Round to the nearest dollar.)