Question: Please show all steps and double check your work! Question 3 1 pts ABC Co. had earnings before interest and taxes (EBIT) last year of

Please show all steps and double check your work!

Question 3 1 pts ABC Co. had earnings before interest and taxes (EBIT) last year of $16 million. Included in EBIT was a depreciation expense of $6 million. In addition, ABC spent $6 million in capital expenditures. ABC's tax rate is 30 percent. What is ABC's FCF (in $ millions) for the year? Answer in millions to two decimals

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