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Greshak Manufacturing Co. recently reported $8,250 of sales, $4,500 of operating costs other than depreciation, and $950 of depreciation. The company had no amortization charges,

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Greshak Manufacturing Co. recently reported $8,250 of sales, $4,500 of operating costs other than depreciation, and $950 of depreciation. The company had no amortization charges, it had $3,500 of outstanding bonds that carry a 6.0% interest rate, and its federal-plus-state income tax rate was 40%. In order to sustain its operations and thus generate sales and cash flows in the future, the Greshak spent $825 to purchase new fixed assets (ile., capital expenditures) and to invested $315 in net operating working capital. How much free cash flow (FCF) did Greshak generate? YOU MUST SHOW ALL WORK / CALCULATIONS TO RECEIVE CREDIT

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