MC.16.124.Algo Question 35 of 42 Madura Inc. wants to increase its free cash flow by $190 million during the coming year, which should result in a higher EVA and stoc price. The CFO has made these projections for the upcoming year: EBIT is projected to equal $700 million. N Gross capital expenditures are expected to total to $280 million versus depreciation of $120 million, so its net capital expenditures should total $160 million. The tax rate is 40%. There will be no changes in cash or marketable securities, nor will there be any changes in notes payable or accruals. What increase in net operating working capital (in millions of dollars) would enable the firm to meet its target increase in FCF? a. $260 million Ob. $110 million c. $70 million d. $62 million e. $330 million Q Search Li (DELL)