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

$9,070,000,

depreciation expenses of

$1,300,000,

capital expenditures of

$1,800,000,

and has increased its net working capital by

$500,000.

If its tax rate is

21%,

what is its free cash flow?

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Part 1

The company's free cash flow is

$enter your response here.

(Round to two decimal places.)