Question: I need step-by-step explanation and answer to the question attached as image. Thank you! Rainbow Inc had revenues of $62 million, cash operaTing expenses of

I need step-by-step explanation and answer to the question attached as image.

Thank you!

Rainbow Inc had revenues of $62 million, cash operaTing expenses of $29 million, and noncash depreciation expense of $18 million during The year. Ali during The same year, The firm purchased $14 million of addiTional equipmenT during The year while increasing iTs working capiTal invesTmenT by $7 million. The Tax raTe for Rainbow Inc: is 25%. WhaT is Rainbow Inc's free cash flow for The year

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