Question: Please show all equations and work as needed. If possible, please type work so it can be copied. Thank you. Cellular Access, Inc., a cellular
Please show all equations and work as needed. If possible, please type work so it can be copied. Thank you.

Cellular Access, Inc., a cellular telephone service provider reported net income of $246.6 million for the most recent fiscal year. The firm had depreciation expenses of $99.6 million, capital expenditures of $192.3 million, and no interest expenses. Net working capital increased by $10.1 million. Calculate the free cash flow for Cellular Access for the most recent fiscal year. 143.8 million 123.3 million 132.4 million 198.7 million You have been offered a unique investment opportunity. If you invest $10,400 today, you will receive $520 one year from now, $1,560 two years from now, and $10,400 ten years from now. What is the NPV of the opportunity if the cost of capital is 6.5% per year? 2,204 -2,996 -1,903 803
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