Question: a ) ABS industries next year's expected EBIT is $ 1 5 0 million, which is expected to remain constant each year. New capital expenditures

a) ABS industries next year's expected EBIT is $150 million, which is expected to remain constant each year. New capital expenditures are expected to equal depreciation and equal $15 million per year, while no changes to net working capital are expected in the future. The corporate tax rate is 30%. Compute ABS's free cash flow.

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