Wells Water Systems Recently Reported $8, 250 of Sales, $4

Wells Water Systems recently reported $8, 250 of sales, $4, 500 of operating costs other than depreciation, and $950 of depreciation.The company had no amortization charges, it had $3, 250 of outstanding bonds that carry a 6.75% interest rate, and its federal-plus-state income tax rate was 35%.In order to sustain its operations and thus generate sales and cash flows in the future, the firm was required to spend $750 to buy new fixed assets and to invest $250 in net operating working capital.How much free cash flow did Wells generate?

A) $1, 770.00
B) $1, 858.50
C) $1, 951.43
D) $2, 049.00
E) $2, 151.45