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Temporary Housing Services Incorporated ( THSI ) is considering a project that involves setting up a temporary housing facility in an area recently damaged by
Temporary Housing Services Incorporated THSI is considering a project that involves setting up a temporary housing facility in an area recently damaged by a hurricane. THSI will lease space in this facility to various agencies and groups providing relief services to the area. THSI estimates that this project will initially cost $ million to set up and will generate $ million in revenues during its first and only year in operation paid in one year Operating expenses are expected to total $ million during this year and depreciation expense will be another $ million. THSI will require no working capital for this investment. THSI's marginal tax rate is
Ignoring the original investment of $ million, what is THSI's free cash flow for the first and only year of operation?
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