Question: do my calculations make sense according to that section? 3. Free Cash Flows FCF=EBIT X (1-t) + non-cash expenses - Change in NWC - Net

do my calculations make sense according to that section? 3. Free Cash Flows FCF=EBIT X (1-t) + non-cash expenses - Change in NWC - Net Capital Expenditures Income Statement: Total Revenue 4,442,100 COGS 1,631,100 Gross Profit 2,811,000 Selling General and Administration 1,791,700 D&A (non-cash expenses) 229,000 Total Indirect Operating Costs 2,020,700 EBT 743,500 EBIT 790,300 Taxation 157,100 Tax Rate 21.13% Balance Sheet Total Current Assets 2019 3,759,500 Total Current Liabilities 2019 718,100 Total Current Assets 2018 3,983,300 Total Current Liabilities 2018 724,800 Change in Net Working Capital 2019 3,041,400 Change in Net Working Capital 2018 3,258,500 Total Change in Net Working Capital (217,100) Net PP&E 2019 1,026,700 Net PP&E 2018 990,500 Net Capital Expenditures (CAPEX) 36,200 Free Cash Flows 1,033,211.26

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