Question: Cellular Access, Inc., a cellular telephone service provider reported net income of $242.4 million for the most recent fiscal year. The firm had depreciation expenses

Cellular Access, Inc., a cellular telephone service provider reported net income

Cellular Access, Inc., a cellular telephone service provider reported net income of $242.4 million for the most recent fiscal year. The firm had depreciation expenses of $101.1 million, capital expenditures of $197.1 million, and no interest expenses. Net working capital increased by $10.8 million. Calculate the free cash flow for Cellular Access for the most recent fiscal year. The free cash flow is $1 million. (Round to one decimal place.)

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