Question: Jackson & Murphy Enterprises expects the following for 2017: Net cash provided by operating activities of $229,000 Net cash provided by financing activities of $20,000
Jackson & Murphy Enterprises expects the following for 2017:
| Net cash provided by operating activities of $229,000 |
| Net cash provided by financing activities of $20,000 |
| Net cash provided by investing activities of $67,000 |
| Cash dividends paid to stockholders of $15,000 |
The business plans to spend $100,000 to purchase equipment.
What is the expected amount of free cash flow for 2017?
A.$129,000
B. $82,000
C. $114,000
D. $67,000
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