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Below is a recent income statement for Spring Valley Conservation Technologies, Inc. Spring Valley Conservation Technologies Inc. Income Statement ($000s). For the year Ended December

Below is a recent income statement for Spring Valley Conservation Technologies, Inc. Spring Valley Conservation Technologies Inc. Income Statement ($000s). For the year Ended December 31,2021. Consulting Fees $920, Operating Expenses (549), Depreciation Expense (30). Earnings Before Interest and Taxes $341, Interest expense ($56), Earnings Before tax 285, Tax @ 20% ($57), Net Income $228. Calculate Spring Valley Conservation Technologies' free cash flow in this year assuming it spent $64 on capital equipment and increased working capital by $72 (All figures in $000s). Formula: free cash flow= EBIT (1-Tax Rate) + Depreciation - Fixed Asset Investment - Investment in Working Capital.


A. $195,300


. B. $263,000. 


C. $166,800. 


D. $74,500

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