(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 decine due to increased efficiencies in getting inventory to showrooms. As a result of this new distribution center Spartan expects a change in EBIT of $900,000. Although inventory is expected to drop from 590 000 to STO 000 accounts receivables are expected to climb as a result of increased credit sales from $80.000 to $110.000. In addition accounts payable are expected to increase from $65.000 to $80,000 This project will also produce $300,000 of bonus depreciation in year 1 and Spartan Stores is in the 21 percent marginal tax rate. What is the project's free cash flow in year 1? The project's free cash flow in year 1 iss {Round to the nearest dollar)