(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 $755,000. Tetious Dimensions has a 32 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:

	Without the Project		With the Project
Accounts receivable	$ 59,000		$ 92,000
Inventory	105,000		176,000
Accounts payable	75,000		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.)