Question: Can someone explain this to me step by step please? You are evaluating a new product. In year 3 of your analysis, you are projecting

Can someone explain this to me step by step please?
You are evaluating a new product. In year 3 of your analysis, you are projecting pro forma sales of $5.1 million and cost of goods sold of $3.06 million. You will be depreciating a $1.5 million machine for 5 years using straight-line depreciation. Your tax rate is 21%. Finally, you expect net working capital to increase from $210,000 in year 2 to $305,000 in year 3. What are your pro forma earnings for year 3? What is your pro forma free cash flow for year 3? Complete the following pro forma statement. (Round to the nearest dollar.) $
Can someone explain this to me step by step

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