(Calculating free cash flows) Racin' Scooters is introducing a new product and has an expected change in EBIT of $475,000. Racin' Scooters has a 36 percent marginal tax rate. The project will produce $80,000 of depreciation per year. In addition, the project will cause the following changes in year 1 . What is the project's free cash flow in year 1 ? The project's free cash flow in year 1 is $1. (Round to the nearest dollar.) Data table