Kalinka Industries, Inc. (KII) has expected EBIT of $503 mil. and depreciation expense of $85 mil....
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Kalinka Industries, Inc. (KII) has expected EBIT of $503 mil. and depreciation expense of $85 mil. for the coming year. The firm is expected to have gross capital expenditures of $104 mil., and net operating working capital is expected to increase by $ 56 mil. If the firm's marginal tax rate is 24%, how much free cash flow is the firm expected to generate during the next year? Report your answer in millions of dollars rounded to two decimal places. Answer: Kalinka Industries, Inc. (KII) has expected EBIT of $503 mil. and depreciation expense of $85 mil. for the coming year. The firm is expected to have gross capital expenditures of $104 mil., and net operating working capital is expected to increase by $ 56 mil. If the firm's marginal tax rate is 24%, how much free cash flow is the firm expected to generate during the next year? Report your answer in millions of dollars rounded to two decimal places. Answer:
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