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Cellular Access, Inc. is a cellular telephone service provider that reported net income of $246 million for the most recent fiscal year. The firm had
Cellular Access, Inc. is a cellular telephone service provider that reported net income of $246 million for the most recent fiscal year. The firm had depreciation expenses of $113 million, capital expenditures of $158 million, and no interest expenses. Working capital increased by $11 million. Calculate the free cash flow for Cellular Access for the most recent fiscal year.
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