Question: Show all steps and calculations: Value the project with the estimates given for Year 2 Taxable Income (EBIT) 48 Tax Rate 35% Allocated R&D costs*
Show all steps and calculations:
Value the project with the estimates given for Year 2
| Taxable Income (EBIT) | 48 |
| Tax Rate | 35% |
| Allocated R\&D costs* | 12 |
| Depreciation | 17 |
| Year 1 Net Working Capital | 22 |
| Year 2 Net Working Capital | 17 |
What is the total Free Cash Flow in year 2?
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