(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 31 percent marginal tax rate. This project will also produce $180,000 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 $52,000 98,000 71,000 $94,000 178,000 121,000 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.) (Calculating changes in net operating working capital) Duncan Motors is introducing a new product and has an expected change in net operating income of $290,000. Duncan Motors has a 31 percent marginal tax rate. This project will also produce $54,000 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 30,000 54,000 $18,000 34,000 82,000 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.)