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please please solve this Question in 30 minutes QUESTION 1 Based on your forecasts for Bristol-Myers Corporation, you expect net income of $13 million, EBIT
please please solve this Question in 30 minutes
QUESTION 1 Based on your forecasts for Bristol-Myers Corporation, you expect net income of $13 million, EBIT of $20 million, capital expenditures of $6.5 million, and depreciation expenses of $4.75 million in 2021. You also expect that Bristol-Myers's net working capital to increase by $1.25 million next year. If Bristol-Myers' tax rate is 25%, what is its free cash flow for 2021? a) $12 million b) $18 million c) $10.6 million d) $14.75 million
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