24: John Jon Plastics Inc. is considering the purchase of a new plastic molding machine, which will have a greater capacity than the existing machine, to produce molded plastic components. The new machine costs $232,906 and shipping/installation is expected to total $13,209. The new machine is expected to produce 80,000 more plastic components per year than the current machine. The expected sales price of the plastic components is $1.76. Variable operating expenses are expected to be $0.56 per item and fixed operating costs are expected to be $36,351 per year. The new machine will be depreciated using a 3-year MACRS class life. John Jons marginal tax rate is 30%, and the firm uses a 12% cost of capital (discount rate) to evaluate projects of this type. What will the free cash flow for this project be during year 1