(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 $780 000 Tetious Dimensions has a 32 percent marginal tax rate. This project will also produce $215,000 of depreciation per year. In addition, this project will cause the following changes in year 1 Without the Project With the Project Accounts receivable $50,000 $91,000 Inventory 104,000 176,000 Accounts payable 72,000 118,000 (Click on the icon in order to copy its contents into a spreadsheet) What is the project's free cash flow in year 12 The free cash flow of the project in year 1 is $(Round to the nearest dollar)