Vasudevan Inc. recently reported operating income of $3.00 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 $0.60 million. How much was its free cash flow, in millions?
A. $2.83
B. $1.82
C. $2.40
D. $2.50
E. $2.33
Answer: C
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