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Company XYZ, an all-equity firm, reported incremental revenues (net income) of $391 millionfor the most recent year. The firm had depreciation expenses of $119 million
Company XYZ, an all-equity firm, reported incremental revenues (net income) of $391 millionfor the most recent year. The firm had depreciation expenses of $119 million andcapital expenditures of $156 million. The company also had an increase in networking 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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