You are evaluating a new product. In year 3 of your analysis, you are projecting pro forma sales of $42 milion and cost of goods sold of $2.52 million. You will be depreciating a $1 million machine for 5 years using straight-line depreciation. Your tax rate is 33%. Finally, you expect working capital to increase from $200,000 in year 2 to $300,000 in year 3. What are your pro forma earnings for year 3? What are your pro forma free cash flows for yoar 32 Complete the following pro forma statement (Round to the nearest dollar) Pro Foma Year 3 Sales $ COGS Depreciation EBIT Tax Earnings Depreciation Not Working Capital Free cash flows