Kellogg Companys 1998 annual report disclosed the following financial information: net income $503 million; cash dividends $375

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Kellogg Company’s 1998 annual report disclosed the following financial information: net income $503 million; cash dividends $375 million; cash provided by operating activities $720 million; and capital expenditures $374 million. Compute Kellogg Company’s free cash flow for 1998.

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