### How much was its free cash flow in millions

Assignment Help Financial Management
##### Reference no: EM131048517

Burnbraid Co. recently reported operating income of \$5.95 million, depreciation of \$1.20 million, and had a tax rate of 40%. The firm's expenditures on fixed assets and net operating working capital totaled \$0.6 million. How much was its free cash flow, in millions?

a. \$4.13

b. \$4.38

c. \$4.17

d. \$3.63

e. \$3.59

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