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You have forecast pro forma earnings of $1,000,000. This includes the effect of $ 2 0 0 , 0 0 0 in depreciation. You also

You have forecast pro forma earnings of $1,000,000.This includes the effect of $200,000in depreciation. You also forecast a decrease in working capital of $100,000

that year. What is your forecast of free cash flows for thatyear?

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