Sherman, Inc. expects net cash flow from operating activities to be $120,000, and the company plans purchases
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Question:
Sherman, Inc. expects net cash flow from operating activities to be $120,000, and the company plans purchases of equipment of $87,000 and repurchases of stock of $18,000. What is Sherman's free cash flow?
A. $15,000
B. $120,000
C. $33,000
D, $87,000
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