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Acme Incorporated had $13,000 of sales, $7,750 of operating costs, and $1,660 of depreciation. The company had $3,500 of debt for which it pays 6.25%
Acme Incorporated had $13,000 of sales, $7,750 of operating costs, and $1,660 of depreciation. The company had $3,500 of debt for which it pays 6.25% interest per year. Its total tax rate was 35%. During the same period, the firm spent $1,750 on required fixed assets and additional operating working capital. What was itsfree cash flow?
$2,130.00
$2,222.50
$2,015.00
$2,235.00
$2,300.00
It has to be one of these.
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