15. Cellular Access, Inc., a cellular telephone service provider, reported net income of $250 million for the
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15. Cellular Access, Inc., a cellular telephone service provider, reported net income of
$250 million for the most recent fiscal year. The firm had depreciation expenses of
$100 million, capital expenditures of $200 million, and no interest expenses. Net working capital increased by $10 million. Calculate the free cash flow for Cellular Access for the most recent fiscal year.
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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9780134475561
4th Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
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