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Consider a company with earnings before interest and taxes (EBIT) of $579,000, tax rate of 11%, depreciation and amortization expenses of $77,000, capital expenditures of
Consider a company with earnings before interest and taxes (EBIT) of $579,000, tax rate of 11%, depreciation and amortization expenses of $77,000, capital expenditures of $63,000, acquisition expenses of $47,000 and change in working capital of $31,000. How much is its free cash flow during that period? Round to the nearest cent.
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