In 2020,Eagle Limited spent $27.5 million on capital expenditures, experienced an increase in net working capital ( including cash) equal to $239 million, and realized $18 million in depreciation. compute Eagle Limited unlevered free cash flow for 2020.

Answers Choice:

1. -125

2 43.8

3 -161

4 8

Based on our lecture notes, the formula is:

ULFC = EBIT-Tax +Depreciation- Cap Exp- Increase in non-cash working capital

Since EBIT and Tax was not given, I assume them to be zero.

ULFC=0+$18-27.5-$239 =$248.5 Non of the choice available . Where did I do wrong?