Question
2. Financial data for Intel is given below for 2014 EBIT 800,000 Depreciation 30,000 Change in working capital (10,000) Net capital expenditures 15,000 Tax rate
2. Financial data for Intel is given below for 2014
EBIT 800,000
Depreciation 30,000
Change in working capital (10,000)
Net capital expenditures 15,000
Tax rate 35%
What is the free cash flow?
800,000*(1-.35)+30,000-10,000-15,000=525,000
Can someone please explain why my answer is wrong?
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Financial Accounting An Introduction
Authors: Pauline Weetman
4th Edition
0273703404, 978-0273703402
