Cellular Access, Inc., a cellular telephone service provider, reported net income of $241.6 million for the most

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Cellular Access, Inc., a cellular telephone service provider, reported net income of $241.6 million for the most recent fiscal year. The firm had depreciation expenses of $95.8 million, capital expenditures of $194.7 million, and no interest expenses. Net working capital increased by $10.2 million. Calculate the free cash flow for Cellular Access for the most recent fiscal year.

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Fundamentals Of Corporate Finance

ISBN: 9781292437156

5th Global Edition

Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford

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