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(Calculating changes in net operating working capital) Duncan Motors is introducing a new product and has an expected change in net operating income of $305,000.

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(Calculating changes in net operating working capital) Duncan Motors is introducing a new product and has an expected change in net operating income of $305,000. Duncan Motors has a 31 percent marginal tax rate. This project will also produce $51,000 of depreciation per year. In addition, this project will cause the following changes in year 1: Without the Project With the Project Accounts receivable $29,000 $26,000 Inventory 26,000 43,000 Accounts payable 53,000 81,000 (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) (Calculating changes in net operating working capital) Duncan Motors is introducing a new product and has an expected change in net operating income of $305,000. Duncan Motors has a 31 percent marginal tax rate. This project will also produce $51,000 of depreciation per year. In addition, this project will cause the following changes in year 1: Without the Project With the Project Accounts receivable $29,000 $26,000 Inventory 26,000 43,000 Accounts payable 53,000 81,000 (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)

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