You are evaluating a new product. In year 3 of your analysis, you are projecting pro forma sales of $5.4 million and cost of goods sold of $3.24 million. You will be depreciating a $1.5 million machine for years using straight-line depreciation. Your tax rate is 38%. Finally, you expect working capital to increase from $210,000 in year 2 to $295,000 in year 3. What are your pro forma earnings for year 3? What are your pro forma free cash flows for year 3?