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PROBLEM 11-5 CALCULATING FREE CASH FLOWS DATA Change in EBIT 475.000 Tax rate 21% Depreciation 250.000 Without Project With Project Change Accounts Receivable 45.000 63.000
| PROBLEM 11-5 | |||
| CALCULATING FREE CASH FLOWS | |||
| DATA | |||
| Change in EBIT | 475.000 | ||
| Tax rate | 21% | ||
| Depreciation | 250.000 | ||
| Without | |||
| Project | With Project | Change | |
| Accounts Receivable | 45.000 | 63.000 | 18.000 |
| Inventory | 65.000 | 80.000 | 15.000 |
| Accounts Payable | 70.000 | 94.000 | 24.000 |
| Calculating Free Cash Flows: | |||
| Change in EBIT | 475.000 | ||
| Less: Change in taxes | 99.750 | ||
| Plus: Change in depreciation | 250.000 | ||
| Less Change in net working capital | 9.000 | ||
| Less: Change in capital spending | 0 | ||
| Free cash Flows | 0 | ||
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The Oxford Handbook Of Sovereign Wealth Funds
Authors: Douglas J. Cumming, Geoffrey Wood, Igor Filatotchev, Juliane Reinecke
1st Edition
0198754809, 978-0198754800
