Canvas XCO 13 13% 14.25% D Question 10 7 pts JCB Inc. recently reported $8.0 million in sales, $5.80 million of operating costs other than depreciation, and $400,000 of depreciation. The company had no amortization charges, it had $3.50 million of outstanding bonds that carry a 4% interest rate, and its federal-plus-state income tax rat was 25%. In order to sustain its operations and thus generate sales and cash flows in the future, the firm was required to make $900,000 of capital expenditures on new fixed assets and to invest $200,000 in net operating working capital. By how much did the firm's net income exceed its free cash flow? $681.250 $752.500 $595.000 5812 275 Question 11 5 pts Last year Alexander Corp. had sales of $400.000 and a net income of $50.000 and its year and assets were $425,000. The 3 $ 4 5 6 7 8 9 0 W E R Y o