(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....

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Extracted text: (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 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 Without the Project With the Project Accounts receivable $54,000 $95,000 Inventory 102,000 183,000 74,000 (Click on the icon in order to copy its contents into a spreadsheet.) Accounts payable 124,000 What is the project's free cash flow in year 1? The free cash flow of the project in yoar 1 is $ (Round to the nearest dollar.)