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Problem 2 - 2 8 Free Cash Flow ( LG - 5 ) The income statement for Egyptian Noise Blasters shows that depreciation expense is
Problem Free Cash Flow LG
The income statement for Egyptian Noise Blasters shows that depreciation expense is $ million and NOPAT is $ million. At the
end of the year, the balance of gross fixed assets was $ million. The change in net operating working capital during the year was
$ million. Egyptian's free cash flow for the year was $ million.
Calculate the beginningofyear balance for gross fixed assets.
Note: Enter your answer in millions of dollars. ie Enter as
Answer is complete but not entirely correct.
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