Question
26. SMC has a net income of P 30 billion. Its depreciation expense is P 5 billion. Its after tax interest expense is P 3
26. SMC has a net income of P 30 billion. Its depreciation expense is P 5 billion. Its after tax interest expense is P 3 billion. Capex is P 12 billion. Change in working capital is P 7 billion. Net new borrowings is P 8 billion. Its Free Cash Flow to the Firm (FCFF) is
Group of answer choices
a. P 19 billion
b. P 22 billion
c. P 28 billion
d. None of the above
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Quantitative Trading
Authors: Ernest P. Chan
2nd Edition
1119800064, 978-1119800064
