Cellular Access, Inc. is a cellular telephone service provider that reported net income of ($251) million for

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Cellular Access, Inc. is a cellular telephone service provider that reported net income of \($251\) million for the most recent fiscal year. The firm had depreciation expenses of \($90\) million, capital expenditures of \($151\) million, and no interest expenses. Working capital increased by \($11\) million. Calculate the free cash flow for Cellular Access for the most recent fiscal year.

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Corporate Finance

ISBN: 9781292446318

6th Global Edition

Authors: Jonathan Berk, Peter DeMarzo

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