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Consider a company with revenues of $ 3 6 0 million, gross margin of 6 7 % , operating margin of 3 2 % ,

Consider a company with revenues of $360 million, gross margin of 67%, operating margin of 32%, net margin of 20%, tax rate of 17%, and a reinvestment rate of 42%. How muel free cash flow is it generating? Assume that the company does not have any non-operating income, so that Operating Income = Earnings Before Interest and Taxes.
a. $55.5 million
b. $56.1 million
c. $65.9 million
d. $93.8 million
q, e. $190.7 million
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