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Next year, Zenith Corp. is expected to generate $746 million in sales (revenues), spend $329 million in operating costs, spend $68 million on long-term assets,
Next year, Zenith Corp. is expected to generate $746 million in sales (revenues), spend $329 million in operating costs, spend $68 million on long-term assets, and increase net working capital by $27 million. It is expected to book $50 million in depreciation. The corporate tax rate is 24%. What will is the forecast for next years free cash flow?
Round you answer to the nearest one-hundredth of a million dollars.
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