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Consider a company with earnings before interest and taxes ( EBIT ) of $ 5 6 4 , 0 0 0 , tax rate of

Consider a company with earnings before interest and taxes

(

EBIT

)

of $

564, 000,

tax rate of

18 %,

and reinvestment rate of

49 % .

How much is its free cash flow during that period? Round to the nearest cent.

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