Question
ABC Co. had earnings before interest and taxes (EBIT) last year of $18 million. Included in EBIT was a depreciation expense of $4 million. In
ABC Co. had earnings before interest and taxes (EBIT) last year of $18 million. Included in EBIT was a depreciation expense of $4 million. In addition, ABC spent $5 million in capital expenditures. ABC's tax rate is 30 percent. What is ABC's FCF (in $ millions) for the year? Answer in millions to two decimals.
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The Handbook Of Equity Derivatives
Authors: Jack Clark Francis, William W. Toy, J. Gregg Whittaker
1st Edition
0471326038, 978-0471326038
