CTOS 5 points QUESTION 6 1. A new project is expected to generate $1,000,000 in revenues, $350,000 in cash operating expenses, and depreciation expense of $300,000 in each year of its 10-year life. The corporation's tax rate is 21%. The project will require an increase in net working capital of $65,000 in the beginning and a decrease in net working capital of $65,000 in year ten. What is the free cash flow from the project in year one? Double-click to hide white space a trade-off between liquidity and activity a trade-off between the firm's liquidity and its profitability a trade-off between debt and equity none of the above 5 points