(Calculating changes in net operating working capital) Duncan Motors is introducing a new product and has an expected change in net operating income of $285,000. Duncan Motors has a 31 percent marginal tax rate. This project will also produce $48,000 of depreciation per year. In addition, this project will cause the following changes in year 1: What is the project's free cash flow in year 1 ? The free cash flow of the project in year 1 is $ (Round to the nearest dollar.)