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Income Statements: 2012 2013 Sales $3,100 $1,300 Operating costs excluding depreciation 1,250 1,000 $300 EBITDA $1,850 Depreciation and amortization 100 75 BIT $225 $1,750 62
Income Statements: 2012 2013 Sales $3,100 $1,300 Operating costs excluding depreciation 1,250 1,000 $300 EBITDA $1,850 Depreciation and amortization 100 75 BIT $225 $1,750 62 Interest 45 EBT $1,688 $180 Taxes (40%) 675 72 Net income $108 $1,013 $53 Dividends paid $48 Addition to retained earnings $600 $60 Shares outstanding 100 100 Price $25.00 $22.50 WACC 10.00% he balance in the firm's cash and equivalents account is needed for operations and is not considered "excess" cash. Using the financial statements given above, what is Rosnan's 2013 free cash flow (FCF)? Use a minus sign to indicate a negative FCThat's Incorrect 300
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