Home Depot recently reported $($in millions$)$ $$8,250$ of sales, $$5,750$ of operating costs other than depreciation, and $$1,100$ of depreciation. The company had $$3,200$ of outstanding bonds that carry a $5\%$ interest rate, and its federal$-$plus$-$state income tax rate was $35\%.$ In order to sustain its operations and thus generate future sales and cash flows, the firm was required to make $$1,250$ of capital expenditures on new fixed assets $($this is the change in FA$)$ and to invest $$300$ in net operating working capital. By how much did the firm's net income exceed its free cash flow?

Home Depot recently reported $($in millions$)$ $$8,250$ of sales, $$5,750$ of operating costs other than depreciation, and $$1,100$ of depreciation. The company had $$3,200$ of outstanding bonds that carry a $5\%$ interest rate, and its federal$-$plus$-$state income tax rate was $35\%.$ In order to sustain its operations and thus generate future sales and cash flows, the firm was required to make $$1,250$ of capital expenditures on new fixed assets $($this is the change in FA$)$ and to invest $$300$ in net operating working capital. By how much did the firm's net income exceed its free cash flow?

$$308$

$$346$

$$284$

$$263$