During 2015, NICO Corporation had EBIT of $100,000 a change in net fixed assets of $400,000 an

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During 2015, NICO Corporation had EBIT of $100,000 a change in net fixed assets of $400,000 an increase in net current assets of $100,100, an increase in spontaneous current liabilities of $400,000, a depreciation expense of $50,000, and a tax rate of 30%. Based on this information, NICO’s free cash flow is

$650,000

$630,000

$30,000

$50,000