(Calculating changes in net operating working capital) Duncan Motors is introducing a new product and has an expected change in net operating income of $280,000. Duncan Motors has a 36 percent marginal tax rate. This project will also produce $53,000 of depreciation per year. In addition, this project will cause the following changes in year 1: Without the Project With the Project Accounts receivable $34,000 $18,000 Inventory 26,000 45,000 Accounts payable 47,000 87,000 (Click on the icon in order to copy its contents into a spreadsheet.) 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.)