Question
1. Consider a company with earnings before interest and taxes (EBIT) of $429,000, tax rate of 17%, depreciation and amortization expenses of $57,000, capital expenditures
1. Consider a company with earnings before interest and taxes (EBIT) of $429,000, tax rate of 17%, depreciation and amortization expenses of $57,000, capital expenditures of $83,000, acquisition expenses of $27,000 and change in working capital of $41,000. How much is its free cash flow during that period? Round to the nearest cent.
2. As of October 5th 2022, Apple's equity value (market capitalization) was approximately $2,316 billion. Apple has $109 billion in long-term debt and $63 billion in cash and cash equivalents. What was Apple's enterprise value? Answer in billion dollars, rounded to a whole number (e.g., $1,528.43 billion = 1528).
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