QUESTION 7 1 points Melton Corporation's income statement for the year 2012 is given below: Sales $15,500,000 Operating costs excluding depreciation 8.000.000 EBITDA $7,500,000 Depreciation 1.500.000 EBIT $ 6,000,000 Interest 1.000.000 ERT $5,000,000 Taxes (359) 1.250.000 Net income $ 3.250.000 Calculate Melton's free cash flow for 2012 if it spent $3,500,000 on new fixed assets and net operating working capital increased by S400,000 a 5-300,000 b. 5-1,500,000 c. $2,300,000 Od: 5850,000 e. $1,500,000