Vasudevan Inc.recently reported operating income of $2.3 million,depreciation of $1.20 million,and had a tax rate of 25%.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) $2.22
B) $2.06
C) $2.325
D) $2.44
E) $1.96
Correct Answer:
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