Question: Below is a pro forma income statement for the next year (year 1). Everything is in million $. The company will not have any capital

Below is a pro forma income statement for the next year

Below is a pro forma income statement for the next year (year 1). Everything is in million \$. The company will not have any capital expenditures in year 1 , but it will increase the level of NWC from $10 million (in year 0 ) to $14.6 million in year 1. The corporate tax rate is 20%. What is the free cash flow in year 1? Write your answer in million dollars with 1 digit after the decimal point. For example, if the answer is $3.2 million, just write 3.2

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