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I just need the answer, no explanation needed. City Housing (CH) wants to set up a temporary housing facility in an area recently damaged by
I just need the answer, no explanation needed.
City Housing (CH) wants to set up a temporary housing facility in an area recently damaged by a flood. During the first year, CH estimates that this project will generate $35 million in revenues $15 million in operating expenses and $5 million in depreciation. CH has a marginal tax rate of 20%. CH's free cash flow for the first year of operation is closest to what value? a. $16.0 million b. $8.0 million c. $12.0 million d. $4.0 millionStep by Step Solution
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