Racin' Scooters is introducing a new product and has an expected change in net operating income of $480,000. Racin' Scooters has a 31 percent marginal tax rate. This project will also produce $99,000 of depreciation per year. In addition, this project will cause the following changes in year 1:

	Without the Project		With the Project
Accounts receivable	$43,000		$66,000
Inventory	63,000		84,000
Accounts payable	71,000		89,000

The free cash flow of the project in year 1 is $nothing. (Round to the nearest dollar.)