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At the end of Fiscal Year 2013, you are given the following information (2013 are actuals. 2014 and 2015 are forecasts.) Assume a 21% tax
At the end of Fiscal Year 2013, you are given the following information
(2013 are actuals. 2014 and 2015 are forecasts.) Assume a 21% tax rate. Item 2013 2014 2015 Revenue $ 1,719.28 $ 1,753.66 $ 1,797.51 EBIT $ 154.74 $ 157.83 $ 161.78 NWC $ 264.50 $ 250.52 $ 239.67 Net Fixed Assets $ 880.50 $ 898.11 $ 920.56 a) What is the Free Cash Flow to the Firm in 2014? b) What is the Free Cash Flow to the Firm in 2015?
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