Q2) You are trying to assess a new project for you company. To that end you have put together some forecast for year 1 of the project in the table below. Using this information, calculate the free cash flow for year 1 of this project. Express the free cash flow in $-millions and round to two decimals (do not include the $-sign in your answer).

Question 2 5 points Save Answer You are trying to assess a new project for you company. To that end you have put together some forecast for year 1 of the project in the table below. Using this information, calculate the free cash flow for year 1 of this project. Express the free cash flow in $-millions and round to two decimals (do not include the $-sign in your answer). Project Forecasts for Year 1 (in $ millions) Sales 135 Cost of sales 50 Selling, general and administrative expenses 9 Depreciation 28 Increase in Net Working Capital 6 Capital expenditures 33 Marginal corporate tax rate 28%