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29. Free Cash Flow You are considering an investment in Cruise, Inc. and want to evaluate the firm's free cash ow. From the income statement,
29. Free Cash Flow You are considering an investment in Cruise, Inc. and want to evaluate the firm's free cash ow. From the income statement, you see that Cruise earned an EBIT of $202 million, paid taxes of $51 million, and its depreciation expense was $75 million. Cruise's gross xed assets increased by $70 million from 2007 to 2008. The rm's current assets decreased by $10 million and spontaneous current liabilities increased by $6 million. What is Cruise's operating cash ow, investment in operating capital, and free cash ow for 2008, respectively, in millions? A. $202, $70, $130 B. $226, $70, $156 C. $226, $54, $172 D. $226, $74, $152
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