Please show all equations and work as needed. If possible, please type work so it can be copied. Thank you.

The cost of is highest for firms that are likely to have profitable future growth opportunities requiring large investments. debt covenants asset substitution debt maturity debt overhang This year, FCF Inc. has earnings before interest and taxes of $9,520,000, depreciation expenses of $1,200,000, capital expenditures of $1,200,000, and has increased its net working capital by $575,000. If its tax rate is 30%, what is its free cash flow? 6,595,000 7,520,000 6,090,000 5,000,000