Champagne, Inc., had revenues of $$12$ million, cash operating expenses of $$8$ million, and depreciation and amortization of $$1\mathrm{.}5$ million during $2020.$ The firm purchased $$700,000$ of equipment during the year while increasing its inventory by $$500,000($with no corresponding increase in current liabilities$).$ The marginal tax rate for Champagne is $30$ percent.Free cash flow: What is Champagne's NOPAT for $2020?$ $$4,000,000$ $$2,500,000$ $$3,250,000$ $$2,050,000$