Foley systems is considering a new investment whose data are shown below. The

equipment would be depreciated on a straight$-$line basis over the project's $3-$year life,

would have a zero salvage value, and would require some additional working capital

that would be recovered at the end of the project's life. Revenues and other operating

costs are expected to be constant over the project's life. What is the FCF in year $1?$