Houston Pumps recently reported $185,250 of sales, $140,500 of operating costs other than depreciation, and $9,200 of depreciation. Its federal-plus-state income tax rate was 25%. In order to sustain its operations and thus generate future sales and cash flows, the firm was required to spend $15,250 to buy new fixed assets and to invest $6,800 in net operating working capital. What was the firm's free cash flow? (Hint: EBIT=Sales - Operating costs Depreciation)? $13,812.50 $10,250 $5,470 $15,590