Question
Given the following data for year-1: Profits after taxes = $20 millions; Depreciation = $6 millions; Interest expense = $4 millions; Investment in fixed assets
Given the following data for year-1: Profits after taxes = $20 millions; Depreciation = $6 millions; Interest expense = $4 millions; Investment in fixed assets = $12 millions; Investment in working capital = $4 millions. Calculate the free cash flow (FCF) for year-1:
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Personal Finance
Authors: Jack Kapoor
6th Edition
0072350849, 9780072350845
