A company has sales of $$10$m for year t$.$ Sales are

expected to grow by $10\%$ next year. Its EBIDTA margin is

projected to be $40\%.$ The long$-$term assets$/$sales ratio is

$50\%$ and the depreciation rate is $10\%.$ Net working

capital$/$sales ratio is $20\%.$ Tax rate is $30\%.$ What is the

projected FCF for year t$+1,$ according to the percentage$-$

of$-$sales method?