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HOW DID THEY CALCULATE THE FREE CASH FLOW? Please answer fast. Table 7.10 Spreadsheet Kappa's Free Cash Flow Forecast 2021 2022 2023 2024 2025 2026

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HOW DID THEY CALCULATE THE FREE CASH FLOW?

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Table 7.10 Spreadsheet Kappa's Free Cash Flow Forecast 2021 2022 2023 2024 2025 2026 Year Free Cash Flow ($ 000) 1 Net Income 2 Plus: After-Tax Interest Expense 3 Unlevered Net Income 4 Plus: Depreciation Less: Increases in NWC 6 Less: Capital Expenditures 7 Free Cash Flow of Firm 8 Plus: Net Borrowing 9 Less: After-Tax Interest Expense 10 Free Cash Flow to Equity 5,193 4,420 9,613 5,450 3,412 (5,000) 13,475 6,247 6,960 8,382 10,545 4,420 4,420 5,083 5,304 10,667 11,380 13,465 15,849 5,405 6,865 7,678 7,710 (3,663) (4,089) (4,685) (5,231) (5,000) (20,000) (15,000) (8,000) 7,409 (5,845) 1,458 10,328 15,000 5,000 (4,420) (4,420) (5,083) (5,304) 2,989 4,735 1,375 5,024 - (4,420) 9,055

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