Given are the following data for year 1:Profits after taxes = $20 million; Depreciation = $6 million; Interest expense = $4 million; Investment in fixed assets = $12 million; Investment in working capital = $4 million. The corporate tax rate is 25 percent. Calculate the free cash flow (FCF) for year 1.
A. $6 million
B. $13 million
C. $4 million
D. $8 million
Answer: B
Business
You might also like to view...
The built-in functions in Excel®, along with the RAND function, can be used to generate random numbers from many different types of probability distributions.
Answer the following statement true (T) or false (F)
Business
In rem jurisdiction is most likely to include jurisdiction over:
a. a bank account b. the terms of a trust or a will c. misdemeanors in other states d. felonies in other states e. none of the other choices are correct
Business
Digital images are made up of a grid of small points called pixels.
Answer the following statement true (T) or false (F)
Business
Table STUDENT is in 3NF
Indicate whether the statement is true or false
Business