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Question 37 (2 points) Davidson Corp. generated $25,000 in EBIT, $9,000 in depreciation, and spent $12,000 on capital expenditures and another $6,000 on net operating

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Question 37 (2 points) Davidson Corp. generated $25,000 in EBIT, $9,000 in depreciation, and spent $12,000 on capital expenditures and another $6,000 on net operating working capital. Davidson's tax rate is 40% and its stock price is $35 per share. Free cash flow for Davidson is closest to

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