Problem:
A firms reports that in a certain year it had a net income of 4.5 million, depreciation expenses of 2.8 million, capital expenditures of 2.3 million, and Net Working Capital decreased by 1.5 million.
Required:
Question: What is the firm's free cash flow for that year?
A) 2.4 million
B) 6.5 million
C) 8.1 million
D) 11.1 million
Note: Explain all calculation and formulas.