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If FIN3100 has sales revenues of $450,000, COGS: $270,000, depreciation and amortization: $100,000 and taxes rate is 40%. Assume that the firm made $150,000 capital
If FIN3100 has sales revenues of $450,000, COGS: $270,000, depreciation and amortization: $100,000 and taxes rate is 40%. Assume that the firm made $150,000 capital expenditures and had increased $10,000 in net operating working capital during the year. What was Firm FIN3100's free cash flow?
Group of answer choices
$30,000
$50,780
$94,879
$17,678
$48,000
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