(Calculating free cash flows) Spartan Stores is expanding operations with the introduction of a new distnbution 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 distnbution center Spartan expects a change in EBIT of $920,000 Although inventory is expected to drop from $81,000 to $63,000, accounts receivables are expected to climb as a result of increased credit sales from $81,000 to $100,000 in addition, accounts payable are expected to increase from $66,000 to $85,000. This project will also produce $200,000 of bonus depreciation in year 1 and Spartan Stores is in the 33 percent marginal tax rate. What is the project's free cash flow in year 1 ? The project's free cash flow in year 1 is s (Round to the nearest dollar)