ABC Co. had earnings before interest and taxes (EBIT) last year of $17 million. Included in EBIT was a depreciation expense of $7 million. In addition, ABC spent $5 million in capital expenditures. ABC's tax rate is 30 percent. What is ABC's FCF (in $ millions) for the year? Answer in millions to two decimals.

Answer rating: 100% (QA)

To calculate ABC Cos Free Cash Flow FCF we need to follow these steps Start with ... View the full answer