Question
A firm has a pre-tax operating profit of R1 000. Its tax rate is 30%. Depreciation is R20 next year and it plans to spend
| A firm has a pre-tax operating profit of R1 000. Its tax rate is 30%. Depreciation is R20 next year and it plans to spend R50 on new equipment. The profit is expected to grow by 10% per year. Working capital, currently at R100 will also grow at 10% per year. Its free cash flow next year will be | |||||||||||||
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Making Sense Of School Finance
Authors: Clinton Born
1st Edition
1475856652, 978-1475856651
