Vasudevan inc. Recently reported operating income of $2. 3 million, depreciation of $1. 20 million, and had a tax rate of 25%. The firm's expenditures on fixed assets and net operating working capital totaled $0. 60 million. How much was its free cash flow, in millions? a. $3.17
b. $2.68
c. $3.48
d. $3.38
e. $4.28

The following extract was taken from the worksheet of special events bakers for the year 2019. special events bakers worksheet december 31, 2019 account names cash equipment accumulated depreciation minus− equipment unadjusted trial balance debit credit $ 6 comma 800$6,800 15 comma 20015,200 $ 8 comma 500$8,500 adjusted trial balance debit credit $ 6 comma 800$6,800 15 comma 20015,200 $ 10 comma 000$10,000 for the above information, determine the amount of depreciation expense for the equipment used in the business

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Newton industries is considering a project and has developed the following estimates: unit sales = 4,800, price per unit = $67, variable cost per unit = $42, annual fixed costs = $11,900. the depreciation is $14,700 a year and the tax rate is 34 percent. what effect would an increase of $1 in the selling price have on the operating cash flow?