A company is considering a project that requires a $1,500 initial cost for a new machine that will be depreciated straight line to a salvage value of 0 on a 5-year schedule. The project will require a one-time increase in the level of net working capital of $300. The project will generate an additional $1,600 in revenues and $700 in operating expenses each year. The project will need at the end of year 2, at which time the machinery is expected to be sold for $800. Company's tax rate is 50%. In a discounted cash flow analysis of Company 's project described in the problem above, what would be the projected Year 2 free cash flow?