Question 7

"You are considering an investment in the FIN340 Company and want to evaluate the firm's free cash flow; From the income statement, you see that FIN340 Company earned an EBIT of $5,175,000, paid taxes of $978,075, and its depreciation expense was $258,750; FIN340 Company's gross fixed assets increased by $1,650,000 from 2017 to 2018. The firm's current assets increased by $1,925,000 and spontaneous current liabilities increased by $327,000 - What is FIN340 Company's free cash flow in 2018?"""

		"$4,196,925 "
		"$4,455,675 "
		"$690,175 "
		"$1,207,675 "
		"$36,175 "
		"$948,925 "