Question: Cellular Access, Inc., a cellular telephone service provider reported net income of $254.5 million for the most recent fiscal year. The firm had depreciation expenses

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

$254.5

million for the most recent fiscal year. The firm had depreciation expenses of

$107.3

million, capital expenditures of

$194.2

million, and no interest expenses. Net working capital increased by

$10.1

million. Calculate the free cash flow for Cellular Access for the most recent fiscal year.

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