(Calculating changes in net operating working capital)Duncan Motors is introducing a new product and has an expected change in net operating income of $290,000. Duncan Motors has a 31 percent marginal tax rate. This project will also produce $45,000 of depreciation per year. In addition, this project will cause the following changes in year 1:

	Without the Project		With the Project
Accounts receivable	$31,000		$28,000
Inventory	31,000		36,000
Accounts payable	54,000		91,000

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