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Question (3 Marks) CL03 XYZ Inc. recently reported operating income of AED2.75 wlion, depreciation of AED 1.20 million, and had a tax rate of 40%.

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Question (3 Marks) CL03 XYZ Inc. recently reported operating income of AED2.75 wlion, depreciation of AED 1.20 million, and had a tax rate of 40%. The firm's expenditures on fixed assets and net operating working capital totaled AEDO.6 million. A] How much was its free cash flow (FCF), in millions? [2] B] Analyze the importance of the FCF as a financial indicator for the company

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