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Net income = $880,000 Cost of goods sold = $600,000 Depreciation expense = $49,000 Interest expense = $27,000 Investment in fixed assets = $32,000 Investment
- Net income = $880,000
- Cost of goods sold = $600,000
- Depreciation expense = $49,000
- Interest expense = $27,000
- Investment in fixed assets = $32,000
- Investment in working capital = $13,000
- Funds borrowed = $16,000
- Debt repaid = $10,000
- Marginal tax rate = 40%
Free cash flow to the firm is closest to:
Group of answer choices
a. $893,200
b. $911,000
c. $900,200
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Economics Of Money Banking And Financial Markets
Authors: Frederic S. Mishkin
6th Edition
0321113624, 978-0321113627
