Vasudevan Inc. recently reported operating income of $2.90 million, depreciation of $1.20 million, and had a tax rate of 40%. The
Vasudevan Inc. recently reported an operating income of $2.90 million and depreciation expenses of $1.20 million, with a corporate tax rate of 40%. The company's combined expenditures on fixed assets and net operating working capital amounted to $0.6 million. Based on this information, what is the firm's free cash flow, expressed in millions?
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