This year, Stang Fabrications Inc. has EBIT of $10 million, depreciation expense of $1 million, and capital

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This year, Stang Fabrications Inc. has EBIT of $10 million, depreciation expense of $1 million, and capital expenditures of $1.5 million, and has increased its net working capital by $500,000. If its tax rate is 35%, what is its free cash flow?

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Fundamentals Of Corporate Finance

ISBN: 9780137309948

4th Canadian Edition

Authors: Jonathan Berk, Peter DeMarzo, David A. Stangeland, Andras Marosi, Jarrod Harford

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Question Posted: Apr 04, 2023 02:50 AM

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This year, Stang Fabrications Inc. has EBIT of $10 million, depreciation expense of $1 million, and capital

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Plan To compute FCF deduct taxes from EBIT add back depreciation an...View the full answer

Fundamentals Of Corporate Finance

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