Question: Hello, I'm having trouble figuring this out can you help me? A firm has earnings before interest and taxes (EBIT) of $55 million, depreciation of

Hello, I'm having trouble figuring this out can you help me?

A firm has earnings before interest and taxes (EBIT) of $55 million, depreciation of $9 million, and a 40% tax rate.Its net fixed assets increase by $13 million.It spends $16 million to increase its current assets.It expects its accounts payable to increase by $3 million, its accruals to increase by $5 million, and its notes payable to increase by $4 million.The firm's current liabilities consist of only accounts payable, accruals, and notes payable.What is its free cash flow (FCF)?

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