You are evaluating a product for your company. You estimate the sales price of product to be $280 per unit and sales volume to be 11,800 units in year 1 ; 26,800 units in year 2 ; and 6,800 units in year 3 . The project has a 3 year life. Variable costs amount to $205 per unit and fixed costs are $218,000 per year. The project requires an initial investment of $378,000 in assets which will be depreciated straight-line to zero over the 3 year project life. The actual market value of these assets at the end of year 3 is expected to be $58,000. NWC requirements at the beginning of each year will be approximately 14% of the projected sales during the coming year. The tax rate is 21% and the required return on the project is 9%. What will the year 2 free cash flow for this project be 
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