General Motors approved a 4-year project that requires an initial investment of $72 million for the equipment and working capital of $2 million. The project will generate Sales of $30 million, Operating Expenses of $4 million and Depreciation and Amortization charges of $18 million per year during the life of the project. The firm uses straight-line depreciation. At the end of the project, General Motors sets the book value to zero and the market value of the equipment to $4 million. The marginal tax rate for General Motors is 30%. What is the Free Cash Flow of the project in year 3 ? $21.24 million $25.02 million $22.66 million $23.60 million $5.60 million