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Question 1 - Cash Flow (15 points) Given the following data for the SternPhone Corporation for year 2021: = . = EBIT = $35 million

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Question 1 - Cash Flow (15 points) Given the following data for the SternPhone Corporation for year 2021: = . = EBIT = $35 million Depreciation = $5 million Dividend paid to shareholders = $3 million Investment = $12 million Decrease in working capital = $5 million = . = = The tax rate is 40%. Calculate the unlevered after-tax cash flows for year 2021

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