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You are considering an investment in the FIN340 Company and want to evaluate the firm's free cash flow; From the income statement, you see that

You are considering an investment in the FIN340 Company and want to evaluate the firm's free cash flow; From the income statement, you see that FIN340 Company earned an EBIT of $1,575,000, paid taxes of $297,675, and its depreciation expense was $78,750; FIN340 Company's gross fixed assets increased by $450,000 from 2017 to 2018. The firm's current assets increased by $485,000 and spontaneous current liabilities increased by $87,000 - What is FIN340 Company's free cash flow in 2018?"""

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