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A company has EBIT of $90 million, depreciation of $10 milion, and a 40%% tax rate to spend $40 million on new fixed assets and

A company has EBIT of $90 million, depreciation of $10 milion, and a 40%% tax rate to spend $40 million on new fixed assets and $45 million to increase its current sud expects its accounts payable to increase by $10 million, its accruals to increase ty Si million, and its notes payable to increase by $30 million. The firms current labiliti of only accounts payable, accruals, and notes payable,\ What is its free cash flow?\ O 90 million\ O 3 million\ O 5 million\ O 19 million\ O 64 million\ O None of these are correct

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