Raytheon (a defense contractor) plans to expand its current manufacturing facilities. The projected future cash flows for the project are presented in the table below. What is the incremental EBIT in year 1?

Year	1	2
Revenues	1200	1400
Operating Expense	450	525
Depreciation	240	280
Increase in working capital	60	70
Capital expenditures	300	350
Marginal corporate tax rate	21%	21%