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Earnings Before Interest and Taxes (EBIT) of $31,000, and they incurred $5,000 of Depreciation and Amortization expense. The company's tax rate is $30%. In order
Earnings Before Interest and Taxes (EBIT) of $31,000, and they incurred $5,000 of Depreciation and Amortization expense. The company's tax rate is $30%. In order to sustain its operations, the company was required to spend $12,000 to buy new equipment (Capital Expenditures) and to invest $3,500 in additional Net Operating Working Capital compared to the previous year. What is the company's Free Cash Flow (FCF) for the year?
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