Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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What is the FCFF of a firm with revenues of $229 million, operating profit margin of 47%, tax rate of 22%, depreciation and
amortization expense of $29 million, capital expenditures of $31 million, acquisition expenses of $9 million and change in net
working capital of $11 million? Answer in millions, rounded to one decimal place (e.g., $245,684,235 = 245.7). (Assume non-
operating income and expenses are zero, so that EBIT = Operating income.)
Type your numeric answer and submit
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Transcribed Image Text:What is the FCFF of a firm with revenues of $229 million, operating profit margin of 47%, tax rate of 22%, depreciation and amortization expense of $29 million, capital expenditures of $31 million, acquisition expenses of $9 million and change in net working capital of $11 million? Answer in millions, rounded to one decimal place (e.g., $245,684,235 = 245.7). (Assume non- operating income and expenses are zero, so that EBIT = Operating income.) Type your numeric answer and submit
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