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Houston pumps recently reported $185250 of sales, $140500 operating costs other than depreciation, and $9250 of depreciation. The company tax rate is 35%. In order
Houston pumps recently reported $185250 of sales, $140500 operating costs other than depreciation, and $9250 of depreciation. The company tax rate is 35%. In order to sustain its operations and thus generate future sales and cash flow, the firm was required to spend $15250 to buy new fixed assets and to invest $6850 in net working capital. What was the firm's free cash flow
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