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Consider a company with earnings before interest and taxes (EBIT) of $407,000, tax rate of 18%, depreciation and amortization expenses of $54,000, capital expenditures of

Consider a company with earnings before interest and taxes (EBIT) of $407,000, tax rate of 18%, depreciation and amortization expenses of $54,000, capital expenditures of $86,000, acquisition expenses of $24,000 and change in working capital of $43,000. How much is its free cash flow during that period? Round to the nearest cent.

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