Below is a recent income statement for ABC Company. Net sales Cost of sales (including depreciation of

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Below is a recent income statement for ABC Company. Net sales Cost of sales (including depreciation of $100) Gross profit Selling and admin. expenses (including interest expense of $60) Income before tax Tax Income after tax $1,000 600 400 200 200 68 $ 132 Calculate ABC's free cash flow in this year assuming it spent $80 on new capital equipment and increased working capital $40.AppendixLO1

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