I want to invest in a new company and so I want to calculate the free cash flow and hence the IRR of it

I use the typical formula in which EBIT *(1-T)+depreciation-change in working capital- capex = free cashflow

But in one of the cost item of this company, it is a management fee (assume it is $100) which is payable to me every year as the new shareholder of this company

and how should this management fee be accounted for? should it add back into the above free cashflow formula?

thank you for any advice