ackson Printing Inc. has an operating income of $$90$ million, depreciation of $$15$ million, and a $26\%$ tax rate.

It needs to spend $$30$ million on new fixed assets and $$45$ million to increase its current assets. It expects its

account payable to increase by $$6$ million, its accruals to increase by $$9$ million, and its notes payable to

increase by $$24$ million. The firm$$s current liabilities consist of only account payable, accruals, and notes

payable. Based on these accounting data, calculate the firm$$s free cash flow.

Free Cash Flow $($FCF$)=$ EBIT$(1-$T$)+$ D&A $($New Capital expenditure $+$NOWC$),$