Question: A firm has an operating cash flow of $ 2 0 million. The firm s accountants project that net working capital will increase by $

A firm has an operating cash flow of $20 million. The firms accountants project that net working capital will increase by $1.5 million over the year. Additionally, the operations people are expected to dispose of (sell) $800,000 of used equipment and purchase $1.9 million of new equipment. Based on these numbers, what is the firms free cash flow? $17.4 million $20 million $16.6 million $15.4 million $22.6 million

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