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A firm reports EBIT of $100 million. The income statement shows depreciation of $20 million. If the tax rate is 35%, total capital expenditures are

A firm reports EBIT of $100 million. The income statement shows depreciation of $20 million. If the tax rate is 35%, total capital expenditures are $5 million, and the increase in non-cash working capital is equal to $10 million, what is the free cash flow to the firm today?

A) $57

B) $65

C) $70

D) $9

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