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Oakville Frozen Foods Company (OFFC) will release a new range of frozen spicy fries which contain various spices imbedded in the french fries. New equipment

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Oakville Frozen Foods Company (OFFC) will release a new range of frozen spicy fries which contain various spices imbedded in the french fries. New equipment to manufacture the spicy fries will cost $2 million. The new equipment falls under asset class 43 and has a capital cost allowance (CCA) rate of 30%. It is expected that the range of spicy fries will bring in revenues of $6 million per year for four years with production and support costs of $1.3 million per year. If OFFC's marginal tax rate is 40%, what are the incremental free cash flows in millions in the first year of this project assuming the half year rule is in effect? Round to 2 decimal places. i.e. 4.55 for $4.55 million

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