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Question 2: Times Group generated Rs. 20 Lakhs in after-tax operating income on revenues of Rs. 100 Lakhs during the course of the most recent

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Question 2: Times Group generated Rs. 20 Lakhs in after-tax operating income on revenues of Rs. 100 Lakhs during the course of the most recent year. You expect revenues to grow 10% a year next year and margins to stay stable. The firm's non-cash current assets are Rs.40 Lakhs and its non-debt current liabilities are Rs.50 Lakhs, and non-cash working capital as a percent of revenues is expected to remain unchanged next year. If the net cap ex is expected to be Rs.10 Lakhs next year, what is your estimate of the FCFF for the next year

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