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Jackson Manufacturing Inc. had net income of $70,000,000 and operating cash flow of $150,000,000. The company also had total capital expenditure of $40,000,000 which includes
Jackson Manufacturing Inc. had net income of $70,000,000 and operating cash flow of $150,000,000. The company also had total capital expenditure of $40,000,000 which includes 40% of this total to maintain its existing productive capacity. Assuming the company paid out 30% of its net income in cash dividends during the period, calculate Jackson's generic free cash flow in 2022
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