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Morrocan Marble Company has cash flows from operating activities of $456,000. Cash flows used for investments in property, plant, and equipment totaled $87,000, of which
Morrocan Marble Company has cash flows from operating activities of $456,000. Cash flows used for investments in property, plant, and equipment totaled $87,000, of which 60% of this investment was used to replace existing capacity. Determine the free cash flow for Morrocan Marble Company.
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