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In 2 0 1 7 , BMC Software generated $ 4 6 5 M of operating income ( earnings before interest and taxes ) and
In BMC Software generated $M of operating income earnings before interest and taxes and $M of net income from $M of sales. Over the next two years and the firm is projecting growth in operating income and growth in depreciation expense. Beginning in BMC estimates that free cash flows will grow Assume the firms effective tax rate is weighted average cost of capital is and number of shares outstanding is M Depreciation expense for was $M while capital expenditures were $M Capital expenditures are expected to remain constant over the next years. BMC expects working capital needs to increase by $M per year. Lastly, the firm has $M in cash and cash equilavents and $M of interest bearing debt.
What is the free cash flow projection for
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$M
$M
$M
$M
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