Use the information below from a company's annual report in 2019 to estimate its free cash flow to the firm (FCFF) in 2019. All dollar values are in millions.                      

After tax operating income = $50

Net Income = $36
Capital expenditures $10

Depreciation $5

Change in non-cash working capital $4

Interest expense = $3

Debt issued = $19

Debt repaid $5

Answer rating: 100% (QA)

Given information Aftertax operating income 50 million Net Income 36 million Capital expenditures 10 ... View the full answer