You are evaluating a new product. In year 3 of your analysis, you are projecting pro forma sales of 5.2 $ million and cost of goods sold of $3.12 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 $ 210000 in year 2 to $ 305000in year 3. What are your pro forma earnings for year 3? What are your pro forma free cash flows for year 3? Question content area bottom Part 1 Complete the following pro forma statement.(Round to the nearest dollar.) Pro Forma Year 3 Sales $ COGS Depreciation EBIT Tax Earnings Depreciation Net working capital Free cash flows