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The Omniland approved a 6-year project that requires an initial investment of $24 million for...

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The Omniland approved a 6-year project that requires an initial investment of $24 million for the equipment and working capital of $2 million. The project will generate the following figures for each year during the life of the project Sales of $40 million, Operating Expenses of $2 million and Depreciation and Amortization charges of $4 million. The firm uses straight-line depreciation and sets the book value of the equipment at the final year to be zero, but the market value of the equipment is expected to be $2 million at the end of the project. The marginal tax rate for Omniland is 20%. What is the Free Cash Flow of the project in year 6 (the final year of the project)? $34.80 million $36.19 million $33.41 million $27.20 million $32.71 million

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