21. Petunia Inc. reported EBIT of $5.2 million, depreciation of $1.8 million, and had a tax...
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21. Petunia Inc. reported EBIT of $5.2 million, depreciation of $1.8 million, and had a tax rate of 30%. Compared to the previous year, Petunia's gross fixed assets increased by $2.0 million and net operating working capital (NOWC) increased by $1.5 million. How much was Petunia's free cash flow in the current year, in millions? O a. $1.58 O b. $1.94 O c. $3.74 O d. $5.62 O e. $8.94 21. Petunia Inc. reported EBIT of $5.2 million, depreciation of $1.8 million, and had a tax rate of 30%. Compared to the previous year, Petunia's gross fixed assets increased by $2.0 million and net operating working capital (NOWC) increased by $1.5 million. How much was Petunia's free cash flow in the current year, in millions? O a. $1.58 O b. $1.94 O c. $3.74 O d. $5.62 O e. $8.94
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