1. Netflix recently reported operating income of $2.75 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 $0.75 million. How much was its free cash flow, in millions?
$2.10
$2.03
$2.14
$1.93
$2.36
2. Mike’s Garage is considering a project with the following cash flows. What is the IRR of this project?
15.94%
17.34%
16.74%
14.84%
16.34%