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The LMN Corporation had Net Operating Working Capital in 2019 of $1,000 and $1,300 in 2020. LMN has EBIT of S2,800, Depreciation and Amortization of
The LMN Corporation had Net Operating Working Capital in 2019 of $1,000 and $1,300 in 2020. LMN has EBIT of S2,800, Depreciation and Amortization of $650, and Capital Expenditures of $450. If LMN has a corporate tax rate of 21%, what is the free cash flow for the firm? Select one: Less than $500 Ob. Between $500 and $650 c. Between $650 and $800 d. Between $800 and $950 e. Greater than $950
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