(Calculating free cash flows) Racin' Scooters is introducing a new product and has an expected change in EBIT of $465,000. Racin' Scooters has a 31 percent marginal tax rate. The project will produce $110,000 of depreciation per year. In addition, the project will cause the following changes in year 1: 6. What is the project's free cash flow in year 1? The project's free cash flow in year 1 is $. (Round to the nearest dollar.) i Data Table WITHOUT THE PROJECT WITH THE PROJECT Accounts receivable $47,000 $60,000 Inventory 67,000 86,000 Accounts payable 80,000 91,000 (Click on the icon located on the top-right corner of the data table above in order to copy its contents into a spreadsheet.) Print Done