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Hartzell Inc. had the following data for 2 0 2 0 , in millions: Net income = $ 6 0 0 ; after - tax

Hartzell Inc. had the following data for 2020, in millions: Net income =$600; after-tax operating income EBIT(1- T)]= $700; and Total assets =$2,000. Information for 2021 is as follows: Net incor =$825; after-tax operating income [EBIT(1-T)]=$1,150; and Total assets =$2,450. Assume the firr had no excess cash. How much free cash flow did the firm generate during 2021?
a. $700 million
b. $925 million
c. $1,275 million
d. $1,600 million
e. $375 million
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