A group of investors is considering buying the Grande Corporation, but does not want to contribute to the company's financial support after the purchase. Grande's management has offered the following financial statements covering last year (\$M omitted): Grande paid no dividends and sold no new stock during the year. The firm's tax rate is 40%. 1. Develop Grande's free cash flow and make a recommendation as to whether it seems to be an appropriate acquisition for the investors. Round your answer to one decimal place. Enter your answer in millions of dollars, without the "\$". 2. Free Cash flow $ millions 3. Is this an appropriate investment for investors (Yes/No)? 4. Assume that the investors will purchase the company subject to its existing debt (\$59M). Does that change your recommendation (Yes/No)? A group of investors is considering buying the Grande Corporation, but does not want to contribute to the company's financial support after the purchase. Grande's management has offered the following financial statements covering last year (\$M omitted): Grande paid no dividends and sold no new stock during the year. The firm's tax rate is 40%. 1. Develop Grande's free cash flow and make a recommendation as to whether it seems to be an appropriate acquisition for the investors. Round your answer to one decimal place. Enter your answer in millions of dollars, without the "\$". 2. Free Cash flow $ millions 3. Is this an appropriate investment for investors (Yes/No)? 4. Assume that the investors will purchase the company subject to its existing debt (\$59M). Does that change your recommendation (Yes/No)