You are evaluating a new product. In year 3 of your analysis, you are projecting pro forma sales of $5.5 million and cost of goods sold of $3.3 million. You will be depreciating a $1.5 million machine for 5 years using straight-line depreciation. Your tax rate is 38%. Finally, you expect working capital to increase from $190,000 in year 2 to $305,000 in year 3. What are your pro forma earnings for year 3? What are your pro forma free cash flows for year 3? Complete the following pro forma statement. (Round to the nearest dollar.) Pro Forma Year 3 5500000 3300000 Sales COGS Depreciation EBIT Tax Earnings Depreciation Enter any number in the edit fields and then continue to the next