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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