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An analyst has forecasted the following figures for Raedebe Technology: Sales $80 million EBITDA $36 million Depreciation $ 7 million Amortization $ 0 The companys
An analyst has forecasted the following figures for Raedebe Technology:
Sales $80 million
EBITDA $36 million
Depreciation $ 7 million
Amortization $ 0
The companys tax rate is 40%. The company does not expect any changes in its net operating working capital. This year the companys planned gross capital expenditures will total $11 million. What is the companys forecasted free cash flow for the year?
Answer in millions (i.e. don't write 1,000,000, write 1)
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