Simco had annual sales of $180,000 with associated costs of $120,000 during 2012. The project increased net working capital $80,000 and fixed assets by $200,000 during the year. The project has a 10-year life. The company uses straight-line depreciation to a zero book value over the life of the project. The tax rate is 35 percent. What is Simcos cash flow from operations for 2012?

ANSWER : $46,000

SOLVE THIS PROBLEM PLEASE Assume Simcos cash flow from operations in the problem above is $52,000. What is Simcos free cash flow for 2012?

a. -$228,000

b. -$148,000

c. -$68,000

d. $52,000

e. $132,000