Ling & Co Pty is expected to have earnings before interest and tax (EBIT) of $500,000 in the coming year. It is expected that $120,000 cash flow will be invested to acquire new equipment. Depreciation expense for the year will be $100,000. The net working capital will increase by $50,000. Assume the tax rate is 30% and the company has no outstanding debt. What is the projected free cash flow (FCFF) of the company for the coming year?

Select one:

a. $280000

b. $210000

c. $230000

d. $320000

e. $160000