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Deluxe Delivery is a delivery service that reported a net income of $20 million for the most recent fiscal year. The firm had depreciation expenses
Deluxe Delivery is a delivery service that reported a net income of $20 million for the most recent fiscal year. The firm had depreciation expenses of $9 million, capital expenditures of $12 million, and no interest expenses. Working capital increased by $1 million. Calculate the free cash flow for Deluxe Delivery for the most recent fiscal year.
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