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PQ Corporation earned R73m in earnings before interest and tax on revenues of R188m in 2023. Expenditure on capital was R50m. Additions to working capital
PQ Corporation earned R73m in earnings before interest and tax on revenues of R188m in 2023. Expenditure on capital was R50m. Additions to working capital were R17m and the company was taxed at 37%. Calculate the free cash flow to the firm (FCFF). Give your answer to 4 decimal places
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