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Salassi Inc. had the following data for 2012, in millions: Net Income = $600 After-Tax Operating Income [EBIT(1-T)] = $700 Total Assets = $2,000 Information
Salassi Inc. had the following data for 2012, in millions:
Net Income = $600
After-Tax Operating Income [EBIT(1-T)] = $700
Total Assets = $2,000
Information for 2013 is as follows:
Net Income = $825
After-Tax Operating Income [EBIT(1-T)] = $925
Total Assets = $2,500
How much Free Cash Flow did the firm generate during 2013? (Please show all steps for full understanding)
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