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Free cash flow = Cash From Operations + After tax Interest Expense - Capital Expenditure (1) FCF = (EBIT * (1-t) + Depreciation Change in

Free cash flow = Cash From Operations + After tax Interest Expense - Capital Expenditure (1)

FCF = (EBIT * (1-t) + Depreciation Change in NWC CapEx) (2)

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Cash From Operations = 38747

Depreciation = 6862

changes in NWC = 2723

Capital expenditure = 15115

what is the FCF? use two formulas.

I don't know if (2) formula add after tax interest expense rather than (1), explain it.

32,671 672 n.a. Earnings Before Interest & Tax Financial Revenue Financial Expenses Financial P/L Other non Oper./Financial Inc./Exp. Earnings before tax Income taxes Earnings after tax 672 -163 33,180 -4,034 29,146

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