Jonathan Industries recently reported $215,000 of sales, $140,000 of operating costs other than depreciation, and $9,000 of depreciation. The company had no amortization charges, its interest expense was $10,500, and its federal-plus-state income tax rate was 25%. In order to sustain its operations and thus generate sales and cash flows in the future, the firm was required to make $16,750 of capital expenditures on new fixed assets and to invest $4,625 in net operating working capital. What is the firms free cash flow?

a. $28,125

b. $32,750

c. $35,250

d. $37,125

e. $41,750