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A firm has an EBIT of 53,000 and depreciation of 12,000. The net working capital last year was 24,000, and this year it is 25,000.
A firm has an EBIT of 53,000 and depreciation of 12,000. The net working capital last year was 24,000, and this year it is 25,000. The firm also has 45,000 in capital expenditures this year. If the tax rate is 27%, what is the free cash flow to the firm? (Answer to the nearest whole number, i.e. 12,345).
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