#3 *Free Cash Flow*

You are considering an investment in Cruise, Inc. and want to evaluate the firm's free cash flow. From the income statement, you see that Cruise earned an EBIT of $202 million, paid taxes of $46 million, and its depreciation expense was $70 million. Cruise's gross fixed assets increased by $75 million from 2007 to 2008. The firm's current assets decreased by $15 million and spontaneous current liabilities increased by $6.5 million. What is Cruise's operating cash flow, investment in operating capital and free cash flow for 2008, respectively in millions?

$202, $116, $86$226, $53.5, $172.5$202, $75, $127$226, $75, $151