A firm is considering the purchase of a machine to produce tin cans, which would represent an investment of $40 million, and would be depreciated in a straight-line basis over 5 years. Sales are expected to be $12 million per year, and operating costs 53% of sales. The company is currently paying $1 million in interest per year, has a tax rate of 40%, and a WACC of 10%. What is the companys free cash flow for year 1 of this project?