Question: 2. During the year, Xero, Inc, experienced an increase in the net fixed assets of $300,000and had depreciation of $200,000. It also experienced an increase

2. During the year, Xero, Inc, experienced an increase in the net fixed assets of $300,000and had depreciation of $200,000. It also experienced an increase in current assets of $150,000 and an increase in accounts payable and accruals of $75,000. If operating cash flows (OCF) for the year was $700,000, calculate the firm's free cash flow (FCF) for the year. (8 points) Also, please brietly describe what is the FCF. (2 points)

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