A company is evaluating a new project by discounting the expected cash flows using its WACC. The following information is known about the project: Two years ago, the company paid $569,324 for the land and building that will house the project. The property could be sold for $3,034,783 today. Its book value is the purchase price. One year ago, the firm spent $17, 931 on initial marketing for the project. The project requires the purchase of equipment (in year 0) for $322,992. The machine will fully depreciate straight-line over 8 years. The project will generate sales of $529,880 per year and expenses of $145, 640 per year for years 1-6 In year 1, the firm must increase its inventory by $174,382. It will maintain the new level of inventory through year 6. Marginal tax rate is 21% What is the free cash flow for time 17