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Below is a summary of part of IBM's Statement of Cash Flows for the year ended December 31, 2001 (in millions of dollars). The firm

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Below is a summary of part of IBM's Statement of Cash Flows for the year ended December 31, 2001 (in millions of dollars). The firm faces a 37% statutory tax rate. 9,274 (5,616) Net cash provided from operating activities Cash flow from investing activities: Payments for plant, rental machines and other property Proceeds from disposition of plant, rental machines and other property Investment in software Purchases of marketable securities Proceeds from marketable securities Net cash used in investing activities 1,619 (565) (1,079) 1,393 (4,248) Supplemental data: Cash paid during the year for: Income taxes Interest paid Interest received 2,697 1,447 617 From this information, calculate free cash flow for 2001. 07827 8,444 9,697 5,235

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