(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 $795,000. Tetious Dimensions has a 32 percent marginal tax rate. This project will also produce $185,000 of depreciation per you. In addition, this project will cause the following changes in year 1: Accounts receivable Inventory Accounts payable Without the Project $50,000 98.000 75,000 with the Project $94,000 177,000 122,000 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.)