Vasudevan Inc.recently reported operating income of $3.00 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 $0.60 million.How much was its free cash flow,in millions?
A) $2.83
B) $1.82
C) $2.40
D) $2.50
E) $2.33
Correct Answer:
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