Question: question 1 5 points Save Answer Last year Lelelime, Inc. had $37 million in operating income. The company had depreciation expense of S11.5 million, interest
question 1 5 points Save Answer Last year Lelelime, Inc. had $37 million in operating income. The company had depreciation expense of S11.5 million, interest expense of $8.45 million, and a corporate tax rate of 25 percent. The company has $23 million in current assets and $8 million in non-interest-bearing current liabilities: it has $34 million in net plant and equipment. It estimates that it has an after-tax cost of capital of 13 percent. Assume that its only non-cash item was depreciation. What was the company's net cash flow for the year? Da $32.91 million $27.75 million 830.8 million $24.29 million Od $39.25 million
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