Income Statement Sales $250,000 Costs $120,000 Other Expenses $20,000 Depreciation $15,000 EBIT $95,000 Interest $29,000 Taxable Income
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Income Statement Sales $250,000 Costs $120,000 Other Expenses $20,000 Depreciation $15,000 EBIT $95,000 Interest $29,000 Taxable Income $66,000 Taxes $23,100 Net Income $42,900 Dividends $12,870 Retained Earnings $30,030 XYZs most recent year-end income statement is reported above. Given that XYZ issued $2,900 in new equity during the year and $4,000 in corporate bonds. What is the free cash flow (cash flow from assets) for the year?
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