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You are considering an investment in Fields and Struthers, Inc. and want to evaluate the firm's free cash flow. From the income statement, you see
You are considering an investment in Fields and Struthers, Inc. and want to evaluate the firm's free cash flow. From the income statement, you see that Fields and Struthers earned an EBIT of $62 million, had a tax rate of 30 percent, and its depreciation expense was $5 million. Fields and Struthers' gross fixed assets $20 million and spontaneous current liabilities increased by $12 million. Calculate Fields and Struthers' free cash flow for 2018. None of these are correct. 104li $3.4 million $8.4 million $7.0 milliorn
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