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TB MC Qu. 02-12 Free Cash Flow You are considering an investment in Crew Cut,... Free Cash Flow You are considering an investment in Crew

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TB MC Qu. 02-12 Free Cash Flow You are considering an investment in Crew Cut,... Free Cash Flow You are considering an investment in Crew Cut, Incorporated and want to evaluate the firm's free cash flow. From the income statement, you see that awarded Crew Cut earned an EBIT of $23.14 million, paid taxes of $3.86 million, and its depreciation expense was $7.86 million. Crew Cut's gross fixed assets increased by $10.14 million from 2021 to 2022 . The firm's current assets increased by $6.14 million and spontaneous current liabilities increased by $3.86 million. What is Crew Cut's operating cash flow, investment in operating capital and free cash flow for 2022. respectively in millions

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