Question
The current income statement of a firm shows EBIT of $2,269 and depreciation of $848. If the tax rate is 28%, capital expenditures are $372,
The current income statement of a firm shows EBIT of $2,269 and depreciation of $848. If the tax rate is 28%, capital expenditures are $372, and the non-cash working capital has decreased by $272 since last year, what is the free cash flow to the firm (FCFF)?
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Local Public Finance
Authors: René Geissler, Gerhard Hammerschmid, Christian Raffer
1st Edition
3030674681, 978-3030674687
