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Watson O il recently reported (in millions) $8,250 of sales, $5,850 of operating costs other than depreciation, and $625 of depreciation. The company had $3,200

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Watson O il recently reported (in millions) $8,250 of sales, $5,850 of operating costs other than depreciation, and $625 of depreciation. The company had $3,200 of outstanding bonds that carry a 5% interest rate, and its federal-plus-state income tax rate was 25%. In order to sustain its operations and thus generate future sales and cash flows, the firm was required to make $1,100 of capital expenditures oo new fixed assets and to invest $300 in net operating working capital. By how moch did the firm's net income exced its free cash flow? a. 3445.00 mition c. $21125 million d. $35500 million e. 165500 million

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