P12-8 (similar to) Question Help (Related to Checkpoint 12.1) (Calculating changes in net operating working capital) Tetious Dimensions is introducing a new product and has an expected change in net operating income of $770,000. Tetious Dimensions has a 30 percent marginal tax rate. This project will also produce $220,000 of depreciation per year In addition, this project will cause the following changes in year 1 Accounts receivable Inventory Accounts payable Without the Project $58,000 101,000 72.000 with the Project $91,000 185,000 115,000 What is the project's free cash flow in year 1? The free cash flow of the project in year 1 is (Round to the nearest dollar)