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Nike Co. has the following data for 2020, Sales of $50 million, Net Profit Margin of 10%, an- nual Depreciation of $1.5 million, projected Capital

Nike Co. has the following data for 2020, Sales of $50 million, Net Profit Margin of 10%, an- nual Depreciation of $1.5 million, projected Capital Expenditures of $1 million, projected Working Capital investment of $1.1 million and an inflation rate of 3%? The firm has no debt, and you are an analyst preparing a five-year free cash flow proforma and the free cash flow in year 2022 of the proforma is?

A. $4.532 million.

B. $4.667 million.

C. $ 2.90 million.

D. $3.07 million.

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