Kay Inc. had revenues of $15 million, cash operating expenses of $8 million, and depreciation anc amortization of $3.3 million during 2021 . The firm purchased $700,000 of equipment during the year while increasing its inventory by $500,000. The marginal tax rate for the firm is 0.28 percent. What is the firm's cash flow from operations for 2021? (Show TWO decimal places.)