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ACME Company had EBIT last year of $35 million and depreciation expense of $5 million. In addition, ACME made $8 million in capital expenditures and

ACME Company had EBIT last year of $35 million and depreciation expense of $5 million. In addition, ACME made $8 million in capital expenditures and decreased net working capital by $5 million. Assume that ACME has a tax rate of 25 percent. What is ACME's FCF for last year?

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