Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Company DotThrive reported the following financial results. Operating income is $63.70 million and depreciation and amortization is $5.81 million. The company spent $14.91 million buying

Company DotThrive reported the following financial results.

Operating income is $63.70 million and depreciation and amortization is $5.81 million. The company spent $14.91 million buying new equipment and sold $3.97 million old equipment (this is the after-tax salvage). Net working capital increased by $1.16 million from previous year. The company's tax bracket is 21%.

What's the company's Free Cash Flow (FCF) for the year?

Note: the unit of your answer should be in millions of dollars, with 2 decimal points.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions