(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 $785,000. Tetious Dimensions has a 32 percent marginal tax rate. This project will also produce $205,000 of depreciation per year. In addition, this project will cause the following changes in year 1: Without the Project with the Project Accounts receivable $53,000 sa5,000 Inventory 103,000 185,000 Accounts payable 69,000 121,000 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)