A firm has $10,000,000 in sales, cost of goods sold $6,000,000, depreciation $1,000,000 and interest paid $500,000. The change in net capital spending this year was $4,000,000 and the change in net working capital was $350,000. The taxation rate is 30%. What was the free cash flow (FCF)?

Answer rating: 100% (QA)

To calculate the free cash flow FCF we need to use the following formula FCF Operating Cash Flow Cap... View the full answer