You are preparing a discounted free cash flow analysis for Lock Inc. For year 1 of the projection period Lock Inc. expects EBITDA of $570,000, depreciation and amortization of $35,000, outstanding debt of $150,000, capital expenditures of $50,000, an increase in working capital of $15,000, 115,000 shares outstanding, cash of $15,000 and a tax rate of 25%. What would be the free cash flow for Lock Inc. in Year 1?