Cellular Access, Inc. is a cellular telephone service provider that reported net income of $241 million for

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Cellular Access, Inc. is a cellular telephone service provider that reported net income of $241 million for the most recent fiscal year. The firm had depreciation expenses of $128 million, capital expenditures of $159 million, and no interest expenses. Working capital increased by $10 million. Calculate the free cash flow for Cellular Access for the most recent fiscal year.

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Corporate Finance The Core

ISBN: 9781292158334

4th Global Edition

Authors: Jonathan Berk, Peter DeMarzo

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