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Question 5 4 pts Which is the correct statement? Depreciation expense has a negative impact on free cash flow Free Cash Flow = (Revenues -

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Question 5 4 pts Which is the correct statement? Depreciation expense has a negative impact on free cash flow Free Cash Flow = (Revenues - Costs - Depreciation) (1 - TC) - Capital Expenditures - ANWC + TC X Depreciation Free Cash Flow = (Revenues - Costs) (1 - TC) - Capital Expenditures - ANWC + TC x Depreciation Net working capital is the difference between all current liabilities and all current assets

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