Calculate free cash flow for Panama Red Inc. for Year $1.($Assume that depreciation is tax deductible.$)$

Panama Red Tobacco Inc.

Selected Financial Information

$($$$000\text{'}$s$)$

Year $0$ Year $1$

EBITDA $6,296$

Depreciation $1,112$

Tax Rate, T $32\%$

Current Assets $5,8536,413$

Current Liabilities $4,9986,052$

CAPEX $1,626$