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Vasudevan Inc. recently reported operating income of $2.80 million, depreciation of $1.20 million, and had a tax rate of 40%. The firm's expenditures on fixed

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Vasudevan Inc. recently reported operating income of $2.80 million, depreciation of $1.20 million, and had a tax rate of 40%. The firm's expenditures on fixed assets and net working capital totaled $0.70 million. How much was its free cash flow, in millions? $3.93 $1.95 $2.94 $2.18 $2.50

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