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Given the projections in Exhibit 1, estimate the free cash flows of Penelope's first-generation phone project. In Exhibit 1, net earnings for 2001 is -$4,000,000
Given the projections in Exhibit 1, estimate the free cash flows of Penelope's first-generation phone project. In Exhibit 1, net earnings for 2001 is -$4,000,000 (not 0). You should assume that the annual depreciation of $900,000 is already included in the SG.
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Corporate Finance
Authors: Jonathan Berk and Peter DeMarzo
3rd edition
978-0132992473, 132992477, 978-0133097894
