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This year, DaFirm's EBITDA is $ 4 0 million and its profits are taxed at 2 1 % . DaFirm is in a steady state,

This year, DaFirm's EBITDA is $
4
0
million and its profits are taxed at
2
1
%
.
DaFirm is in a steady state, so that its annual capital expenditures of $
1
0
million always just replaces the depreciated capital and its net working capital always remains at $
5
million. What is DaFirm's free cash flow for this year? answer is 23.7

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