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*Dowling Company has cash flows for operating activities of $900,000. Cash flows used for investments in property, plant, and equipment totaled $65,000, of which
*Dowling Company has cash flows for operating activities of $900,000. Cash flows used for investments in property, plant, and equipment totaled $65,000, of which 70% of this investment was used to replace existing capacity. What is the free cash flow for Dowling Company? $854,500 $860,800 $835,000 $900,000
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