You are evaluating a new product. In year 3 of your​ analysis, you are projecting pro forma sales of ​$5.9 million and cost of goods sold of ​$3.54 million. You will be depreciating a ​$2 million...

You are evaluating a new product. In year 3 of your​ analysis, you are projecting pro forma sales of ​$5.9 million and cost of goods sold of ​$3.54 million. You will be depreciating a ​$2 million machine for 5 years using​ straight-line depreciation. Your tax rate is 33​%. ​Finally, you expect working capital to increase from ​$210,000 in year 2 to ​$ 295,000 in year 3. What are your pro forma earnings for year​ 3? What are your pro forma free cash flows for year​ 3?