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15.A firm's net cash flow is calculated as: EBIT + Taxes + Depreciation - Capital spending - Increases in net working capital. EBIT - Taxes

15.A firm's net cash flow is calculated as:

EBIT + Taxes + Depreciation - Capital spending - Increases in net working capital.

EBIT - Taxes - Depreciation - Capital spending + Increases in net working capital.

EBIT - Taxes + Depreciation - Capital spending - Increases in net working capital.

EBIT + Taxes + Depreciation - Capital spending + Increases in net working capital

EBIT - Taxes - Depreciation + Capital spending - Increases in net working capital

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