Cochran Enterprises has sales of 900 000 $. The company initially invested in a packaging system with a cost of $735,000. This cost will be depreciated straight-line to zero over the projects 7-year life. The pretax operating costs are $215,000 per year, and the system requires an initial investment in net working capital of $67,000. If the tax rate is 36% and the discount rate is 8%, what is the projects Year 1 free cash flow? Round up your answer to the nearest whole number.