Question: Moving to another question will save this response Question of 10 Question 6 10 points Dino Drilling recently reported $7.950 of sales, 54,500 of operating
Moving to another question will save this response Question of 10 Question 6 10 points Dino Drilling recently reported $7.950 of sales, 54,500 of operating costs other than depreciation, and $950 of depreciation. The company had no amortization charges, it had $1,000 of outstanding bonds that carry a 6.25% interest rate, and its combined federal and provincial income tax rate was 35%. In order to sustain its operations and thus generate sales and catch flows in the future, the firm was required to spend 5850 to buy new fixed assets and to invest 300 in operating working capital. How much free cash flow did Dino Drilling generate? 51.425.00 Ob 51.849.00 O O a $475.00 $2,750,00
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