Last year, Phillips Corporation had sales of $15,000,000, cost of goods sold of $8,500,000, depreciation of $1,000,000 and interest expense of $2,000,000. Net fixed assets at the end of the year were $5,000,000 greater than at the beginning. Likewise, net working capital had increased by $1,000,000 during the year. The taxation rate is 27.50%. What was the free cash flow generated by Phillips Corporation? a. $237,098 b. $602,340 c. - $1,090,433 d. - $1,462,500 e. $5,530,000