(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 $765,000. Tetious Dimensions has a 32 percent marginal tax rate. This project will also produce $220,000 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 $53,000 94,000 66,000 $95,000 184,000 118,000 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.) text (Calculating changes in net operating working capital) Duncan Motors is introducing a new product and has an expected change in net operating income of $285,000. Duncan Motors has a 33 percent marginal tax rate. This project will also produce $52,000 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 $38,000 27,000 48,000 $24,000 36,000 91,000 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)