This year, FCF Inc. has earnings before interest and taxes of $10,180,000, depreciation expenses of $1,200,000, capital expenditures of $1,100,000, and has increased its net working capital by $500,000. If its tax rate is 35%, what is its free cash flow? The company's free cash flow is $. (Round to two decimal places.)

This year, FCF Inc. has earnings before interest and taxes of $10,180,000, depreciation expenses of $1,200,000, capital expenditures of $1,100,000, and has increased its net working capital by $500,000. If its tax rate is 35%, what is its free cash flow? The company's free cash flow is $. (Round to two decimal places.)

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter6: Accounting For Financial Management

Section: Chapter Questions

Problem 10P: The Moore Corporation has operating income (EBIT) of 750,000. The companys depreciation expense is...

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