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(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

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(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 $765,000. Tetious Dimensions has a 31 percent marginal tax rate. This project will also produce $215,000 of depreciation per year. In addition, this project will cause the following changes in year 1 Without the Project With the Project Accounts receivable $52,000 $92,000 Inventory 101.000 181,000 Accounts payable 65,000 117.000 (Click on the icon in order to copy its contents into a spreadsheet.) 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.)

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