Question
Operating capital for a company in 2015 was $50 million. The company has the following information for 2016 (all $ figures are in millions): EBIT
Operating capital for a company in 2015 was $50 million. The company has the following information for 2016 (all $ figures are in millions): EBIT = $90 Tax rate = 40% Operating capital = $60 What is the free cash flow for this firm for 2016?
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