(Related to Checkpoint 12.1) (Calculating changes in net operating working capital) Tetious Dimensions is introducing a new product and has an expected change in net operating income of $755,000 Tetious Dimensions has a 32 percent marginal tax rate. This project will also produce $195,000 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 $54,000 104,000 72,000 $87,000 179,000 115,000 What is the project's free cash flow in year 1? The tree cash flow of the project in year 1in (Round to the nearest dollar)