Joe Inc. recently reported operating income of $3.50 million (EBIT), depreciation of $1.30 million, and had a tax rate of 40%. The firm's expenditures on fixed assets and net working capital totaled $1.15 million. How much was its free cash flow, in millions? $2.25 $1.95 $1.90 $2.42

Joe Inc. recently reported operating income of $3.50 million (EBIT), depreciation of $1.30 million, and had a tax rate of 40%. The firm's expenditures on fixed assets and net working capital totaled $1.15 million. How much was its free cash flow, in millions? $2.25 $1.95 $1.90 $2.42