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A stock market analyst has forecasted the following year-end numbers for Rebble Technology: Sales $ 70 million, EBITDA $20 million, Depreciation $ 7 million, Amortization $ 0

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A stock market analyst has forecasted the following year-end numbers for Rebble Technology: Sales $ 70 million, EBITDA $20 million, Depreciation $ 7 million, Amortization $ 0. The company's tax rate is 40 percent. The company does not expect any changes in its net operating working capital. This year the company's planned gross capital expenditures will total $12 million. What is the company's forecasted free cash flow for the year? Interpret the findings. (5 Marks)