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A firm has earnings before interest and taxes (EBIT) of $55 million, depreciation of $9 million, and a 40% tax rate. Its net fixed assets
A firm has earnings before interest and taxes (EBIT) of $55 million, depreciation of $9 million, and a 40% tax rate. Its net fixed assets increase by $13 million. It spends $16 million to increase i...
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