An analyst has forecasted the following figures for Raedebe Technology: Sales EBITDA Depreciation Amortization $80 million $33 million. $7 million $0 The company's tax rate is 40%. The company does not expect any changes in its net operating working capital. This year the company's planned gross capital expenditures will total $8 million. What is the company's forecasted free cash flow for the year?

An analyst has forecasted the following figures for Raedebe Technology: The company's tax rate is 40%. The company does not expect any changes in its net operating working capital. This year the company's planned gross capital expenditures will total $8 million. What is the company's forecasted free cash flow for the year