Calculating changes in net operating working capital)Duncan Motors is introducing a new product and has an expected change in net operating income of $320000 Duncan Motors has a 30 percent marginal tax rate. This project will also produce $53000 of depreciation per year. In addition, this project will cause the following changes in year 1:

Accounts receivable	$34,000		$21,000
Inventory	26000		38,000
Accounts payable	49,000		84,000

What is the project's free cash flow in year 1?

The free cash flow of the project in year 1 is $____