Racin' Scooters is introducing a new product and has an expected change in EBIT of $455,000. Racin' Scooters has a 34 percent marginal tax rate. The project will also produce $130,000 of depreciation per year. In addition, the project will also cause the following changes in year 1:

WITHOUT THE PROJECT WITH THE PROJECT

Accounts receivable $44,000 $64,000

Inventory 69,000 87,000

Accounts payable 72,000 95,000

What is the project's free cash flow in year 1?