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A firm reported EBITDA of $1,290 million in 2020, prior to interest expenses of $215 million and depreciation chargesof $400 million. Capital expenditures in 2020
A firm reported EBITDA of $1,290 million in 2020, prior to interest expenses of $215 million and depreciation chargesof $400 million. Capital expenditures in 2020 amounted to $450 million, and working capital was 7% of revenues (which were $13,500 million). The firm expected revenues to grow at 10% a year from 2020 to 2025. What is your estimate of cash flow associated with change in net working capital requirements (i.e., Change in NWC [n] = NWC[n] NWC[n-1]) at the end of year 2022 (pick the closest).
$ 98
$ 100
$ 102
$ 104
ANSWER IS $104.
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