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Zerog Corp. had EBIT of $450 million in 2001. It had interest expense of $30 million and a tax rate of 40%. Balance sheet data

Zerog Corp. had EBIT of $450 million in 2001. It had interest expense of $30 million and a tax rate of 40%. Balance sheet data are given below in millions of dollars.

2000 2001

Cash 50 60

A/R 150 180

Inventories 300 360

Total CA 500 600

Net FA 1000 1200

Total assets 1500 1800

A/P and accruals 100 120

Debt 300 350

Common stock 600 600

Retained Earnings 500 730

Total Liab.& Equity 1500 1800

What is the FCF for the year 2001?

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