This year, FCF Inc, has earnings before interest and taxes of $10,440,000, depreciation expenses of $900,000, capital expenditures of $1,700,000, and has increased its net working capital by $425,000. If its tax rate is 25%, 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 $10,440,000, depreciation expenses of $900,000, capital expenditures of $1,700,000, and has increased its net working capital by $425,000. If its tax rate is 25%, what is its free cash flow? The company's free cash flow is $. (Round to two decimal places.)

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter17: Long-term Investment Analysis

Section: Chapter Questions

Problem 2E

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