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Given the following, calculate the free cash flow to the firm (FFCF). 2021 2022 EBIT 146,000 150,000 EBITDA 159,000 168,000 Tax rate 21% 21% Non-Cash

Given the following, calculate the free cash flow to the firm (FFCF).

2021 2022
EBIT 146,000 150,000
EBITDA 159,000 168,000
Tax rate 21% 21%
Non-Cash Working Capital 23,000 28,500
Capex 16,800 17,250
Inventory 100,000 102,000

32,602

113,750

131,146

88,084

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