A new project is expected to generate $800,000 in revenues, $250,000 in cash operating expenses and deprecation expenses of $150,000 in each year of its 10-year life. The corporation tax rate is 35%. The project will require an increase in net working capital of $85,000 in year one and 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) 375,000

c) 380,000

d) 410,000

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