A compony reported a net income of $340 million for the most recent fiscal year. The firm had depreciation expenses of $115 million and capital expenditures of $145 million. Although it had no interest expense, the firm did have an increase in net working capital of $30 million. What is the company's free cash flow? a. $630 million b. $340 million c. $280 million d. $50 million

The Berndt Corporation expects to have sales of 12 million. Costs other than depreciation are expected to be 75% of sales, and depreciation is expected to be 1.5 million. All sales revenues will be collected in cash, and costs other than depreciation must be paid for during the year. Berndts federal-plus-state tax rate is 40%. Berndt has no debt. a. Set up an income statement. What is Berndts expected net income? Its expected net cash flow? b. Suppose Congress changed the tax laws so that Berndts depreciation expenses doubled. No changes in operations occurred. What would happen to reported profit and to net cash flow? c. Now suppose that Congress changed the tax laws such that, instead of doubling Berndts depreciation, it was reduced by 50%. How would profit and net cash flow be affected? d. If this were your company, would you prefer Congress to cause your depreciation expense to be doubled or halved? Why?

Carter Swimming Pools has $16 million in net operating profit after taxes (NOPAT) in the current year. Carter has $12 million in total net operating assets in the current year and had $10 million in the previous year. What is its free cash flow?

A company recently reported operating income of $500.0 million, depreciation of $50.0 million, and had a tax rate of 21%. The firm's expenditures on fixed assets and net operating working capital totaled $10.0 million. How much was its free cash flow, in millions? O $435.00 O $455.00 O $335.00