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Sonora, Inc., had revenues of $ 2 0 million, cash operating expenses of $ 1 0 million, and a non - cash depreciation expense of

Sonora, Inc., had revenues of $20 million, cash operating expenses of $10 million, and a non-cash depreciation expense of $4 million during 2008. The firm purchased $2 million of additional equipment during the year while increasing its working capital investment by $1 million. The firm had $2 million in interest expense. The tax rate for Sonora is 40 percent. What is Sonora's free cash flow for 2008?

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