(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 36percent marginal tax rate. This project will also produce $47,000 of depreciation per year. In addition, this project will cause the following changes in year 1:

Without the Project With the Project

Accounts receivable $32,000 $20,000

Inventory $20,00 $45,000

Accounts payable $52,000 $89,000

What is the project'sfree cash flow in year 1?

The free cash flow of the project in year 1 is $_____ (Round to the nearest dollar.)