Question: You are considering a project that will have an EBIT of $5M for each of 10 years. The project does not require any capital expenses

You are considering a project that will have an EBIT of $5M for each of 10 years. The project does not require any capital expenses or machinery, but will require $1M in Net Working Capital beginning in year 1 that will be released at the end of year 10. The corporate tax rate is 35%. What is the Free Cash Flow in year 2

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