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29. In the current year, ABC inc paid interest if $30,000, had no net capital expenditures of $250,000, and issued net new debt of $65,000.
29. In the current year, ABC inc paid interest if $30,000, had no net capital expenditures of $250,000, and issued net new debt of $65,000. In addition, the company reported cash flow from operating activities of $480,000 cash flow from investigating activities of ($225,000) and cash flow from financing activities of $55,000. The marginal tax rate is 35%. Compute the free cash flow to the firm.
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