Question
A company has $5.4 million EBIT, $0.9 million depreciation, a tax rate of .4, a capital expenditure of $1 million, and an increase in NOWC
A company has $5.4 million EBIT, $0.9 million depreciation, a tax rate of .4, a capital expenditure of $1 million, and an increase in NOWC of $0.7 million in its last fiscal year. To the nearest 0.1 million, what is its free cash flow?
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Entrepreneurial Finance
Authors: Gary E. Gibbons, Robert D. Hisrich, Carlos Marques DaSilva
1st Edition
1452274177, 978-1452274171
