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Home Depot recently reported single store operating income of $8,000,000. For 2020 the typical store required annual expenditures of $750,000 on fixed assets and net
Home Depot recently reported single store operating income of $8,000,000. For 2020 the typical store required annual expenditures of $750,000 on fixed assets and net working capital requirements. The only non-cash items noted on the financial summary was depreciation charges of $1,500,000. The average tax rate company wide was 35%. How much are the free cash flows of a typical Home Depot store?
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