(Related to Checkpoint 12.1) (Calculating changes in net operating working copital) Tetious Dimensions is introducing a new prodoct and has an expected change in net operating income of $760,000. Tetious Dimensions has a 33 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. What is the projects free cash flow in year 1 ? The free cash flow of the project in year t is ? (Round to the nearest dollar)