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Firm Z has the following information: Sales $ 12.8m EBIT = $3.2m tax = 24% Cash = $1.3m CapEx = $1.7m Change(NWC) = $0.3m Depr

Firm Z has the following information: Sales $ 12.8m EBIT = $3.2m tax = 24% Cash = $1.3m CapEx = $1.7m Change(NWC) = $0.3m Depr - $0.6m AIR $1.1m 0 Calculate the Free Cash Flow to Firm (FCE). o $1.38 million o $2.03 million o $1.03 million $1.63 million

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