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17. Vasudevan Inc. recently reported operating income of $2.80 million, depreciation of $1.20 million, and...

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Accounting

17. Vasudevan Inc. recently reported operating income of $2.80 million, depreciation of $1.20 million, and had a tax rate of 40%. The firm's expenditures on fixed assets and net working capital totaled $0.70 million. How much was its free cash flow, in millions?

A. $3.93

B. $1.95

C. $2.94

D. $2.18

E. $2.50

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