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2. For a single year: Revenue = $3,000,000, cost of goods sold = $2,000,000, capital expenditures = $100,000, interest expense = $100,000, and selling and

2. For a single year: Revenue = $3,000,000, cost of goods sold = $2,000,000, capital expenditures = $100,000, interest expense = $100,000, and selling and administrative costs = $200,000. Last year's net working capital (NWC) = $100,000 and this year's NWC = $100,000. Depreciation is $50,000. The tax rate, t, is 30%. The free cash flow for the year for this firm is _______.

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