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QUESTION
Rovin software reported operating income of $5.35 million, depreciation of $1.20 million, and had a tax rate of 40%.
Rovin software reported operating income of $5.35 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?
