Question: 8. Holmes Inc., expects cash flow from operating activities to be $160,000, and the company plans purchases of equipment of $83,000 & repurchases of stock

8. Holmes Inc., expects cash flow from operating activities to be $160,000, and the company plans purchases of equipment of $83,000 & repurchases of stock of $24,000. What is Holmes free cash flow?

a. $53,000

b. $160,000

c. $77,000

d. $83,000

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