What is the FCFF of a firm with revenues of $371 million, operating profit margin of 33%, tax rate of 33%, depreciation and amortization expense of $21 million, capital expenditures of $39 million, acquisition expenses of $6 million and change in net working capital of $19 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.)

What is the FCFF of a firm with revenues of $371 million, operating profit margin of 33%, tax rate of 33%, depreciation and amortization expense of $21 million, capital expenditures of $39 million, acquisition expenses of $6 million and change in net working capital of $19 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.)

Accounting

27th Edition

ISBN:9781337272094

Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Chapter15: Investments And Fair Value Accounting

Section: Chapter Questions

Problem 15.2CP

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