Giant Corporation is considering a project that requires a $1,500 initial cost for a new machine that will be depreciated by $300 per year. The project will require a one-time increase in the level of net working capital of $300 which is expected to be fully recovered at the end of the project. The project will generate an additional $1,600 in revenues and $700 in operating expenses each year. The project will end at the end of year 2 , at which time the machinery is expected to be sold for $800. Giant's tax rate is 50%. In a discounted cash flow analysis of this project, what would be the projected Year 0 free cash flow? $2,100 $1,800 $1,500 $1,200