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During 2015, NICO Corporation had EBIT or $100,000, a change in net fixed assets of $400,000, an increase in net current assets of $100,000, an

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During 2015, NICO Corporation had EBIT or $100,000, a change in net fixed assets of $400,000, an increase in net current assets of $100,000, an increase in spontaneous current liabilities of $400,000, a depreciation expense of $50,000, and a tax rate of 30%. Based on this information NICO's free cash flow is $650,000 $50,000 $630,000 $30,000

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