Question: Cellular Access, Inc., a cellular telephone service provider, reported net income of $241.4 million for the most recent fiscal year. The firm had depreciation expenses

Cellular Access, Inc., a cellular telephone service provider, reported net income of $241.4 million for the most recent fiscal year. The firm had depreciation expenses of $92.6 million, capital expenditures of $199.5 million, and no interest expenses. Net working capital increased by $9.1 million.

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

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