Question: Answer is not 1 5 5 . 8 7 . I ' m at a loss here. Please help! Question 1 6 The Rare Find

Answer is not 155.87. I'm at a loss here. Please help! Question 16
The Rare Find Co. has the following information:
Debt outstanding: \(\$ 1,500\) million
The before-tax cost of debt: 6.5\%
Market cap: \(\$ 4,400\) million
Cost of common stock: 12\%
Tax rate: 21\%
Rare Find is evaluating a project with the following information:
Over the next five years, EBIT will equal 153 million each year
An investment of \(\$ 100\) million is required in net working capital at the beginning of the project, which will be recovered at the end.
The equipment cost will be \(\$ 175\) million, depreciated using the straight-line method to zero over the project's life, with no salvage value.
Calculate the operating cash flow for year 1.(Round to 2 decimals)
Answer is not 1 5 5 . 8 7 . I ' m at a loss here.

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