Question: In 2 0 2 3 , XYZ , Inc generated an unlevered cash flow ( FCFF ) of $ 9 0 million. Depreciation was $

In 2023, XYZ, Inc generated an unlevered cash flow (FCFF) of $90 million. Depreciation was $30 million, and the interest expense was $15 million. The firm paid dividends of $25 m. The corporate tax rate was 20%. There were no other cash-flow relevant items. What was XYZs net income in 2023?

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