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Phoenix Corp. faltered in the recent recession but is recovering. Free cash flow has grown rapidly. Forecasts made at the beginning of 2016 are as

Phoenix Corp. faltered in the recent recession but is recovering. Free cash flow has grown rapidly. Forecasts made at the beginning of 2016 are as follows:

($ millions)

2017

2018

2019

2020

2021
Net income

1.0

2.7

4.6

5.1

5.4

Investment

1.0

1.7

1.9

2.1

2.1

Free cash flow

0

1.0

2.7

3.0

3.3

Phoenix

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