Smelly Cat Publishing recently reported $11,000 of sales and $4,250 of operating income (i.e., earnings before interest and taxes). Depreciation was indicated as $1,250. The company's federal-plus-state income tax rate was 21%. During the year, the firm had expenditures on fixed assets and change in net operating working capital that totaled $1,550. These expenditures were necessary for it to sustain operations and generate future sales and cash flows. What was its free cash flow? Round your intermediate and final answers to whole dollar amount. (Multiple Choice)

Question 16 options:

	$2,463
	$2,832
	$2,904
	$3,058
	$2,069