You expect Company X$$s sales to be a perpetual $$20$ million $/$ year, and its costs are a constant $60\%$ of sales. Interest expense is $$1$ million $/$ year, its cost of debt is $7\%,$ and its target B$/$S ratio is $0\mathrm{.}4.$ There is no depreciation expense or capital expenditure, and changes in NWC are always zero. Company X pays tax at a $30\%$ rate. What is the unlevered cash flow that you would use in your $$WACC approach$$ valuation of Company X$?$