Henry Bank Tech recently reported $8,250,000 of sales, $4,500,000 of operating costs other than depreciation, and $950,000 of depreciation. The company had no amortization charges, it had $3,250,000 of outstanding bonds that carry a 6.75% interest rate, and its federal-plus-state income tax rate was 35%. In order to sustain its operations and thus generate sales and cash flows in the future, the firm was required to spend $700,000 to buy new fixed assets and to invest $250,000 in net operating working capital.

How much free cash flow Did Henry generate?