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begin{tabular}{lc} Revenues & Year COGS & 125 Operating expenses (other than depreciation) & 25 Depreciation & 40 Increase in net working

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\begin{tabular}{lc} Revenues & Year \\ COGS & 125 \\ Operating expenses (other than depreciation) & 25 \\ Depreciation & 40 \\ Increase in net working capital & 30 \\ Capital Expenditures & 2 \\ Marginal Corporate tax rate: & 30 \\ \hline \end{tabular} What is the free cash flow for this project in Year 1

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