QUESTION 15 3M company is considering a project that initially cost $15 million to set up facility. This facility will be depreciated straight-line over five years. 3M estimates that this project will generate $36 million revenues per year and operating expenses are expected to $11 million per year. 3M will require $5 million working capital at the end year for this investment. 3M's marginal tax rate is 40%. What is project 's free cash flow for the end of fifth year? $13.20 million O $11.20 million O $10.00 million $16.20 million QUESTION 15 3M company is considering a project that initially cost $15 million to set up facility. This facility will be depreciated straight-line over five years. 3M estimates that this project will generate $36 million revenues per year and operating expenses are expected to $11 million per year. 3M will require $5 million working capital at the end year for this investment. 3M's marginal tax rate is 40%. What is project 's free cash flow for the end of fifth year? $13.20 million O $11.20 million O $10.00 million $16.20 million