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Given the following information about XYZ Company Calculate the free cash flow in 2 0 2 0 ? For the NOPAT calculation use this formula:

Given the following information about XYZ Company
Calculate the free cash flow in 2020?
For the NOPAT calculation use this formula: NOPAT = PBIT x (1- Tax rate)
Year 2019 Year 2020
Revenue 3,8004,500
Cost of sales -2,000-2,200
Gross profit 1,8002,300
Selling expenses -175-200
Admin expenses -365-440
Depreciation and Amortisation -660-700
Profit before Interest and Tax 600960
Interest expense -20-40
Profit before Tax 580920
Tax expense -145-230
Net Income/Profit After Tax 435690
Capex 400500
Working capital (less cash and OD)500570
Taxation rate 25%25%

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