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This year, FCF Inc. has EBIT of $10,370,000, depreciation expenses of $900,000, capital expenditures of $1,600,000, and has increased its net working capital by $600,000.
This year, FCF Inc. has EBIT of $10,370,000, depreciation expenses of $900,000, capital expenditures of $1,600,000, and has increased its net working capital by $600,000. If its tax rate is 35%, what is its free cash flow? The company's free cash flow is $. (Round to two decimal places.)
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