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The 2021 income statement for Egyptian Noise Blasters shows that depreciation expense is $94 million, NOPAT is $281 million. At the end of the year,
The 2021 income statement for Egyptian Noise Blasters shows that depreciation expense is $94 million, NOPAT is $281 million. At the end of the year, the balance of gross fixed assets was $720 million. The change in net operating working capital during the year was $84 million. Egyptian's free cash flow for the year was $250 million. Calculate the beginning-of-year balance for gross fixed assets. (Enter your answer in millions of dollars.) Gross fixed assets million
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