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During the past year, the joint-stock company earned EUR 800 in profit before interest and taxes, invested EUR 110, and had annual depreciation costs of

During the past year, the joint-stock company earned EUR 800 in profit before interest and taxes, invested EUR 110, and had annual depreciation costs of EUR 140. Its working capital decreased by EUR 40. The corporate tax rate is 15 %. WACC is 20 %.

Calculate the free cash flow for the company.

a) EBIT:

b) Investments in fixed assets

c) Investments in working capital

d) Depreciation

e) FCFF

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