Question
17. Vasudevan Inc. recently reported operating income of $2.80 million, depreciation of $1.20 million, and had a tax rate of 40%. The firm's expenditures on
17. Vasudevan Inc. recently reported operating income of $2.80 million, depreciation of $1.20 million, and had a tax rate of 40%. The firm's expenditures on fixed assets and net working capital totaled $0.70 million. How much was its free cash flow, in millions?
A. $3.93
B. $1.95
C. $2.94
D. $2.18
E. $2.50
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Handbook Of Financial Econometrics
Authors: Yacine Ait-Sahalia, Lars Peter Hansen
1st Edition
044450897X, 978-0444508973
