Champagne, Inc., had revenues of $$12$ million, cash operating expenses of $$8$ million, and depreciation and amortization of $$1\mathrm{.}5$ million during $2018.$ The firm purchased $$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 are Champagne's cash flows associated with investments for $2020$