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A new project is expected to generate $1,000,000 in revenues, $250,000 in cash operating expenses, and depreciation expense of $200,000 in each year of its

A new project is expected to generate $1,000,000 in revenues, $250,000 in cash operating expenses, and depreciation expense of $200,000 in each year of its 10-year life. The corporation's tax rate is 21%. The project will require an increase in net working capital of $85,000 in the beginning and a decrease in net working capital of $75,000 in year ten. What is the free cash flow from the project in year one?

A) $298,000

B) $634,500

C) $380,000

D) $410,000

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