Question: Question 3 5 points Save Answer You are trying to assess a new project for you company. To that end you have put together some
Question 3 5 points Save Answer You are trying to assess a new project for you company. To that end you have put together some forecast for year 1 of the project in the table below. Using this information, calculate the free cash flow for year 1 of this project. Express the free cash flow in 5 millions and round to two decimals (do not include the 5-sign in your answer). et Project Forecasts for Year 1 (in S millions) Sales 156 Cost of sales 55 7 P 27 Selling, general and administrative expenses Depreciation Increase in Net Working Capital Capital expenditures Marginal corporate tax rate 6 36 239 W 10
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