Question: #12 Cellular Access, Inc., a cellular telephone service provider, reported net income of $242.4 million for the most recent fiscal year. The firm had depreciation

#12

Cellular Access, Inc., a cellular telephone service provider, reported net income of

$242.4 million for the most recent fiscal year. The firm had depreciation expenses of

$104.4 million, capital expenditures of

$202.9 million, and no interest expenses. Net working capital increased by

$9.5 million. Calculate the free cash flow for Cellular Access for the most recent fiscal year.

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