Snider, Inc., had revenues of $12.5 million, cash operating expenses of $6 million, and depreciation and amortization of $1 million during 2020. The firm purchased $500,000 of equipment during the year while increasing its inventory by $300,000 (with no corresponding increase in current liabilities). The marginal tax rate for Provo is 35 percent. What is Snider, Inc. free cash flow for 2020?