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Sweetheart Enterprises is deciding whether to expand its production facilities. Although long-term cash flows are difficult to estimate, management has produced the following projections for

Sweetheart Enterprises is deciding whether to expand its production facilities. Although long-term cash flows are difficult to estimate, management has produced the following projections for the first two years (in millions of dollars). Olin's tax rate is 30%.

Year 1 Year 2
Revenues 100 120
Cost of Sales 44 60
Depreciation 20 20
Capital Expenditures 26 25
Net Working Capital (Level) 20 28

What is the projected free cash flow for this project for year 2? (in millions of dollars, rounded to the nearest million)

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