Question: Given the following data for Year 1 : Earnings before Interest and Tax = $ 1 1 million; Interests = $ 3 million, Taxes =

Given the following data for Year 1: Earnings before Interest and Tax = $11 million; Interests = $3 million, Taxes = $2 million; Depreciation = $4 million; Investment in fixed assets =5 million; Investment net working capital = $1 million. Calculate the free cash flow (FCF) for Year 1:
Group of answer choices
$8 million
$9 million
$6 million
$7 million

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