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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 $315,000

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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 $315,000 Duncan Motors has a 36 percent marginal tax rate. This project will also produce $46,000 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 $28,000 Inventory 31,000 39,000 Accounts payable 48,000 82,000 (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 s (Round to the nearest dollar) A

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