Question: In its third year, a project is expected to generate EBIT of $453,100 and tax rate is 45%. Depreciation expenses are expected to be $44,038,

In its third year, a project is expected to generate EBIT

In its third year, a project is expected to generate EBIT of $453,100 and tax rate is 45%. Depreciation expenses are expected to be $44,038, capital expenditures are expected to be $153,003, and net working capital is expected to increase by $48,065. What is the project's expected free cash flow (FCF) for the year? 1) $89,960 2) $92,175 3) $101,225 4) $123,588 5) $110,375

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