You have the following data for Year 0 and Year 1:
Year 0 Profit after taxes = $4 million Depreciation = $1.5 million Fixed assets = $2 million Net working capital = $1 million.
Year 1 Profit after taxes = $5 million Depreciation = $2 million Fixed assets = $6 million Net working capital = $2 million.
Calculate the free cash flow for Year 1.
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