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 $780,000. Tetious Dimensions has a 31 percent marginal tax rate. This project will also produce $215,000 of depreciation per year. In addition, this project will cause the following changes in year 1: Without the Project with the Project Accounts receivable Inventory Accounts payable $59,000 98,000 74,000 $87,000 185,000 118,000 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.) Enter your answer in the answer box and then click Check Answer All parts showing Clear All Check