(Calculating free cash flows) Vandelay Industries is considering a new project whh a f year life with the following cost and revenue data: This project will require an investment of $110,000 in new equipment. This new equipment will be deprociated down to zoro ovor 4 years using the simplified straight eline method and has no salvage value. Fhis new propet will generate additional sales revenue of $142.000 while additional operathg costs; excluding depreciation. will be $65,000 : Vandelax's maeginal tax rate is 36 percent. What is the projects free cash Blow in year 1 ? The project's free cash flew in year 1 is 1 (Round to the nearest dotar.)