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Estimate future FCF for fiscal year 2016 based on the following information. Forecasted numbers for fiscal year 2016: EBIT=100, Capital expenditure=60, Depreciation=30, total working capital=60.

Estimate future FCF for fiscal year 2016 based on the following information. Forecasted numbers for fiscal year 2016: EBIT=100, Capital expenditure=60, Depreciation=30, total working capital=60. The working capital currently is 52. Marginal tax rate is 40%.

a. 18

b. 62

c. -30

d. 22

e. None of the other answers.

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