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Greshak Corp. recently reported $18,350 of sales, $9,900 of operating costs other than depreciation, and $1,250 of depreciation. The company had no amortization charges, it

Greshak Corp. recently reported $18,350 of sales, $9,900 of operating costs other than depreciation, and $1,250 of depreciation. The company had no amortization charges, it had $4,500 of outstanding bonds that carry a 10.0% interest rate, and its federal-plus-state income tax rate was 28%. In order to sustain its operations and thus generate sales and cash flows in the future, the firm was required to spend $2,850 to buy new fixed assets and to invest $1,625 in net operating working capital. How much free cash flow did Greshak generate? Select one: A. $1,959 B. $709 C. $1,689 D. $1,765 E. $5,209

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