1.) Calculate the free cash flow in millions (to at least the nearest hundred thousand so one place accuracy) if a firm has earnings before interest and taxes of $3.1 million depreciation of $1.3 million, a tax rate of 0.3, a capital expenditure of $0.7 million, and an increase in net operating working capital of $0.9 million.

2.) Calculate earnings before interest and taxes in millions (to at least the nearest hundred thousand so one place accuracy) if a firm has sales of $25.3 million, operating cost of $13.4 million, and depreciation of $8.1 million. Interest is 5% and taxes are 25%.

3.) Suppose that for the xyz corporation (which can borrow at 4% interest and is paying 30% in taxes) its past years sales was $178,262, operating cost was $71,468, and depreciation was $11,236, and they borrowed $8,000. Calculate their net income (two place accuracy!)