Crank Inc. is considering a major expansion (capital expenditure) next year. Next year, the company expects to pay a $3 million cash dividend, sell $7 million of common shares and reports net income of $16 million. Depreciation next year is expected to total $6 million, and through efficiencies, net working capital is expected decreases by $2 million. With no additional transactions, how much total net cash flow is expected to be generated by Crank next year from the activities indicated?

PLEASE SHOW WORK and Explain steps. Thank you!