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Note: The following problem requires familiarity with the concepts from the ACC 230 course, a prerequisite for this FIN 360 course. Refer to the two

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Note: The following problem requires familiarity with the concepts from the ACC 230 course, a prerequisite for this FIN 360 course. Refer to the two videos provided before answering this question: 1) Free Cash Flow (FCF); 2) Ratter's case to compute FCF Last year Rattner Robotics had $6 million in operating income (EBIT). its depreciation exponse was $1 million, its interest expense was $1 million, and its corporato tax rate was 30% At year-end, it had $14 million in operating current assets, $3 million in accounts payable, $1 million in accruals, $3 million in notos payable, and $15 million in not plant and equipment Assume Rottner has no excess cath. Rattror use only debt and common equity to fund its operations (In other words, Rattner has no preferred stock on its balance sheet.) Rattner had no other current liabilities. Assume that Rattner's only noncash tom was depreciation How much was the net income of Rattner Robotics, in millions of USD? Enter your answer in the following format: 1.23 Click Submit to complete the sent

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