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A firm recently reported operating income (EBIT) of $10million and had a tax rate of 25%. The firms net investment in operating capital totaled $4.5million.
A firm recently reported operating income (EBIT) of $10million and had a tax rate of 25%. The firms net investment in operating capital totaled $4.5million. Compute the firms free cash flow.
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National Finance A Chinese Perspective
Authors: Yunxian Chen, Heming Yong
1st Edition
9813360917, 978-9813360914
