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Garfunkel Inc. reported the following on the company's statement of cash flows in Year 2 and Year 1: Eighty percent of the net cash flows

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Garfunkel Inc. reported the following on the company's statement of cash flows in Year 2 and Year 1: Eighty percent of the net cash flows used for investing activities was used to replace existing capacity. a. Determine Garfunkel's free cash flow for both years

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