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Jamison Publishing has $38.2 million in Earnings Before Interest and Taxes (EBIT) in the current year. Jamison also has $12.1 million in Net Investment
Jamison Publishing has $38.2 million in Earnings Before Interest and Taxes (EBIT) in the current year. Jamison also has $12.1 million in Net Investment in Operating Capital in the current year, and had $9 million in Net Investment in Operating Capital in the prior year. The tax rate is 26%. What is the free cash flow (in millions) for Jamison Publishing (show 2 decimal places for final answer)?
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Financial Management Principles and Applications
Authors: Sheridan Titman, Arthur Keown, John Martin
12th edition
133423824, 978-0133423822
