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Company XYZ, an all-equity firm, reported incremental revenues (net income) of $304 million for the most recent year. The firm had depreciation expenses of $136
Company XYZ, an all-equity firm, reported incremental revenues (net income) of $304 million for the most recent year. The firm had depreciation expenses of $136 million and capital expenditures of $167 million. The company also had an increase in net working capital of $20 million. What is the free cash flow? Enter your answer in dollars and round to the nearest dollar.
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