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In 2017, Eraser Corp had Revenue of $231 million, Cost of Goods Sold of $107 million (this includes Depreciation of $42 million), Sales General and
In 2017, Eraser Corp had Revenue of $231 million, Cost of Goods Sold of $107 million (this includes Depreciation of $42 million), Sales General and Admin Expenses of $37 million, and faced a tax rate of 16%. Assume that no money was spent on Capital Expenditures or on additional Net Working Capital. According to our recipe, what should be the after-tax cash flow generated by Eraser Corp in 2017 (in millions)?
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