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Violin is a manufacturer of radios. It earned a return on capital of 14% last year and expects to maintain this next year. If the

Violin is a manufacturer of radios. It earned a return on capital of 14% last year and expects to maintain this next year. If the current years after-tax operating income is $150 million and the firm reinvests 40% of this income back, what is the FCFF next year? Select one: a. $82.40 b. $63.90 c. $95.04 d. $78.09

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