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Give the equation to calculate free cash flows. Can net income be equal to EBIT after taxes? Calculate the free cash flows for Tim Tool

Give the equation to calculate free cash flows. Can net income be equal to EBIT after taxes? Calculate the free cash flows for Tim Tool Shop given the following details.

Net profit: $100,000.

Depreciation: $10,000

Amortization: $5,000

Current assets: $100,000

Current liabilities: $80,000

Fixed asset purchases: $50,000

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