Question: Problem 2 - 2 7 Free Cash Flow ( LG - 5 ) The income statement for Duffy's Pest Control shows that depreciation expense was

Problem 2-27 Free Cash Flow (LG-5)
The income statement for Duffy's Pest Control shows that depreciation expense was $209 million, EBIT was $528 million, and the tax
rate was 30 percent. At the beginning of the year, the balance of gross fixed assets was $1,598 million and net operating working
capital was $429 million. At the end of the year, gross fixed assets was $1,857 million. Duffy's free cash flow for the year was $441
million.
Calculate the end-of-year balance for net operating working capital.
Note: Enter your answers in millions of dollars rounded to 1 decimal place. (i.e., Enter 5,500,000 as 5.5.)
 Problem 2-27 Free Cash Flow (LG-5) The income statement for Duffy's

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