Question: In its third year, a project is expected to generate EBIT of $453,100 and tax rate is 40%. Depreciation expenses are expected to be $44,038,

In its third year, a project is expected to generate EBIT of $453,100 and tax rate is 40%. 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 for the year?

A. $122,884

B. $132,375

C. $203,588

D. $114,830

E. $210,960

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