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Smooth Sailing Productions is forecasting their EBIT will be $10,500 next year, capital expenditures of $1,700, a decrease in NWC of $1,200 and depreciation expense

Smooth Sailing Productions is forecasting their EBIT will be $10,500 next year, capital expenditures of $1,700, a decrease in NWC of $1,200 and depreciation expense of $1,200. They will maintain total debt of $10,000 which carries a 5% interest rate. Given that their tax rate is 21%, what is their forecasted Free Cash Flow to the Firm for next year? (Please explain.)

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