Question
The EBIT of a firm is $400 million, the tax rate is 21%, depreciation is $20 million, capital expenditures are $60 million, and the increase
The EBIT of a firm is $400 million, the tax rate is 21%, depreciation is $20 million, capital expenditures are $60 million, and the increase in net working capital is $30 million. What is the free cash flow to the firm?
A. $246 million
B. $190 million
C. $305 million
D $85 million
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Fundamentals Of Futures And Options Market
Authors: John C. Hull
6th Edition
0132242265, 9780132242264
