This year, Stang Fabrications Inc. has EBIT of $10 million, depreciation expense of $1 million, and capital
Question:
This year, Stang Fabrications Inc. has EBIT of $10 million, depreciation expense of $1 million, and capital expenditures of $1.5 million, and has increased its net working capital by $500,000. If its tax rate is 35%, what is its free cash flow?
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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9780137309948
4th Canadian Edition
Authors: Jonathan Berk, Peter DeMarzo, David A. Stangeland, Andras Marosi, Jarrod Harford
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