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Boom Inc. reported net income of $246.5 million for the most recent fiscal year. The firm had depreciation expenses of $93.8 million, capital expenditures of
Boom Inc. reported net income of $246.5 million for the most recent fiscal year. The firm had depreciation expenses of $93.8 million, capital expenditures of $201.9 million, and no interest expenses. Net working capital increased by $9.8 million. Calculate the free cash flow for Boom Inc. for the most recent fiscal year. Do not use excel as solution.
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