(Calculating free cash flows) Spartan Stores is expanding operations with the introduction of a new distribution center. Not only will sales increase but investment in inventory will decline due to increased efficiencies in getting inventory to showrooms. As a result of this new distribution center, Spartan expects a change in EBIT of $960,000 . Although inventory is expected to drop from $86,000 to $69,000 , accounts receivables are expected to climb as a result of increased credit sales from $80,000 to $160,000 . In addition, accounts payable are expected to increase from $64,000 to $82 comma 000 . This project will also produce $250,000 of bonus depreciation in year 1 and Spartan Stores is in the 34 percent marginal tax rate. What is the project's free cash flow in year 1?