Question: Flybot Machine Learning, Inc (FML) is expecting EBIT of $117, CAPEX of $45, and Depreciation expense of $37. Additionally, forecasts of working capital items for
Flybot Machine Learning, Inc (FML) is expecting EBIT of $117, CAPEX of $45, and Depreciation expense of $37. Additionally, forecasts of working capital items for 2022 along with actual working capital items from 2021 are provided in the table below. Based on this information, what is the best estimate of 2022 unlevered free cash flows (FCF) for FML if it faces a 24% corporate tax rate? Do not round intermediate calculations. Enter your answer to the nearest 1 decimal place. a Current Assets 2021 2022 Cash 19 32 Marketable Securities 28 19 Accounts Receivable 155 244 Inventory 111 133 Current Liabilities Accounts Payable 149 123 Current Portion of Long- Term Debt 89 91 Short-term Debt 103 88
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