Vasudevan Inc.recently reported operating income of $2.75 million,depreciation of $1.20 million,and had a tax rate of 40%.The firm's expenditures on fixed assets and net operating working capital totaled $0.6 million.How much was its free cash flow,in millions?
A) $1.93
B) $2.03
C) $2.14
D) $2.25
E) $2.36
Correct Answer:
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