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Madura Inc. wants to increase its free cash flow by $ 1 3 0 million during the coming year, which should result in a higher

Madura Inc. wants to increase its free cash flow by $130 million during the coming year, which should result in a higher EVA and stock price. The CFO has made these projections for the upcoming year:
EBIT is projected to equal $900 million.
Gross capital expenditures are expected to total to $250 million versus depreciation of $120 million, so its net capital expenditures should total $130 million.
The tax rate is 40%.
There will be no changes in cash or marketable securities, nor will there be any changes in notes payable or accruals.
What increase in net operating working capital (in millions of dollars) would enable the firm to meet its target increase in FCF?
a. $290 million
b. $420 million
c. $410 million
d. $280 million
e. $260 million

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