Outdoor expects to spend $157,000 to modernize its showroom. How much free cash flow does Outdoor expect for 2018?
A) $124,000
B) $277,000
C) $100,000
D) $107,000
C) $100,000
Explanation: Free cash flow = Net cash provided by operating activities - Cash payments planned for investments in long-term assets - Cash dividends
Free cash flow = $281,000 - $157,000 - $24,000
Free cash flow = $100,000
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