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Gustav Co. reported $202800 of sales, $158550 of operating costs other than depreciation, and $9180 of depreciation. The company had $49400 of outstanding bonds that
Gustav Co. reported $202800 of sales, $158550 of operating costs other than depreciation, and $9180 of depreciation. The company had $49400 of outstanding bonds that carry a 6.75% interest rate, and its federal- plus-state income tax rate was 0.45. In order to sustain its operations and thus generate future sales and cash flows, the firm was required to spend $15250 to buy new fixed assets and to invest $6500 in net operating working capital (ANOWC). What was the firm's free cash flow? Your answer should NOT include S, decimals (round your answer), or the 1000 separator
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