This year, FCF Inc. has earnings before interest and taxes of

$9,220,000,

depreciation expenses of

$1,300,000,

capital expenditures of

$1,400,000,

and has increased its net working capital by

$475,000.

If its tax rate is

25%,

what is its free cash flow?

This year, FCF Inc. has earnings before interest and taxes of

$9,220,000,

depreciation expenses of

$1,300,000,

capital expenditures of

$1,400,000,

and has increased its net working capital by

$475,000.

If its tax rate is

25%,

what is its free cash flow?

The Company's free cash flow is $___(Round to two decimal places)