Acme Incorporated had $13,000 of sales, $7,750 of operating costs, and $1,660 of depreciation. The company had $3,500 of debt for which it pays 6.25% interest per year. Its total tax rate was 35%. During the same period, the firm spent $1,750 on required fixed assets and additional operating working capital. What was its free cash flow?
a. 2130.00
b. 2222.50
c. 2015.00
d. 2235.00
e. 2300.00