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You are considering an investment in the FIN340 Company and want to evaluate the firm's free cash flow; From the income statement, you see
"You are considering an investment in the FIN340 Company and want to evaluate the firm's free cash flow; From the income statement, you see that FIN340 Company earned an EBIT of $4,800,000, paid taxes of $907,200, and its depreciation expense was $240,000; FIN340 Company's gross fixed assets increased by $1,525,000 from 2017 to 2018. The firm's current assets increased by $1,775,000 and spontaneous current liabilities increased by $302,000- What is FIN340 Company's free cash flow in 2018? O "$894,800" O"$3,892,800 O "$4,132,800 O"$654,800" O"$1,134,800" O"$50,800 C
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