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The Martin had Revenues of $10 million, Operating Expenses of $2 million and Depreciation and Amortization charges of $3 million during 2015. The marginal tax
The Martin had Revenues of $10 million, Operating Expenses of $2 million and Depreciation and Amortization charges of $3 million during 2015. The marginal tax rate for Martin is 40%. What is Martin's Free Cash Flowfor 2015?
5.40 million
6.12 million
5.76 million
6.00 million
3.00 million
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
8th Edition
0201325527, 9780201325522
