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During2022,Morphy Corp. had sales of $650,000,cost of goods sold of $380,000,selling and administrative expenses of $50,000,and depreciation expense of $120,000.In addition, the company had an

During 2022, Morphy Corp. had sales of $650,000, cost of goods sold of $380,000, selling and administrative expenses of $50,000, and depreciation expense of $120,000. In addition, the company had an interest expense of $65,000 and a tax rate of 21%. At the beginning of 2022, net fixed assets were $198,200, current assets were $69,700, and current liabilities were $39,150. At the end of the year, net fixed assets were $245,300, current assets were $84,200, and current liabilities were $48,300. What is the free cash flow to the firm (FCFF)?

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