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Based on the following data for year 1:Profits after taxes = $20 million; Depreciation = $6 million; Interest expense = $4 million; Investment in fixed assets = $12 million; Investment in working capital = $4 million. The corporate tax rate = 25 percent. Calculate the free cash flow (FCF) for year 1.A. $4 millionB. $6 millionC. $13 millionD. $8 million
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