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9. Based on the following data, what is the free cash flow for year 1? Year 1 Revenue 665.00 Fixed costs 80.00 Variable costs 250.00

9.

Based on the following data, what is the free cash flow for year 1?

Year

1

Revenue

665.00

Fixed costs

80.00

Variable costs

250.00

Additional investment in NWC

15.00

Additional investment in operating long-term assets

90.00

Depreciation

75.00

Tax rate

0.40

Select one:

a. $137

b. $126

c. $116

d. $103

e. $121

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