2023 EBIT	$180.71
2023 depreciation and amorization	$55.89
2023 capital expenditures	$157.45
2023 net operating working capital	$307.84
2023 net operating working capital	$276.21
2023 tax rate	24.50%

Given the information above, TGT's 2023 free cash flow (FCF) is closest to:

A.$10.11.

B.$28.96.

C.$49.39.

D.$66.51.

2)Which of the following statements is false?

A. If interest rates go up, the firm will not call the bond, and the investor will be stuck with the original coupon rate on the bond, even though interest rates in the economy have risen sharply.

B. Capital budgeting decisions involve the purchase of costly long-term assets. These decisions are consistent with the primary goal of financial management.

C. Shareholders receive fixed dividend payments and more interesting in limiting risky projects.

D. Ratio analysis are useful tools for expressing relationships among financial data that can be used for internal and external comparisons.

3) Which of the following statements is false?

A. Cash conversion cycle (CCC) is the length of time it takes to turn the firms cash investment in inventory back into cash, in the form of collections from the sales of that inventory.

B. One danger of starting a sole-ownership or partnership is that you may be exposed to personal liability if the business goes bankrupt. This problem would be avoided if you formed a corporation to operate the business.

C. A dollar expected soon is worth more than a dollar expected in the distant future.

D. Different accounting treatments require the analyst to adjust the data before and after comparing ratios.

4) Financial analyst estimated the intrinsic value of Apples common stock. If its market price is __________ than its intrinsic value, then the stock is __________. Based on his/her analysis, investors should __________ Apples common stock.

A. less / overvalued / sell

B. less / undervalued / sell

C. higher / undervalued / buy

D. higher / overvalued / sell