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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.
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