Hartzell Inc.had the following data for 2017,in millions: Net income = $600;after-tax operating income [EBIT (1-T) ] = $700;and Total assets = $2,000.Information for 2018 is as follows: Net income = $825;after-tax operating income [EBIT (1-T) ] = $825;and Total assets = $2,500.Assume the firm had no excess cash.How much free cash flow did the firm generate during 2018?
A) $397
B) $286
C) $257
D) $367
E) $325
Correct Answer:
Verified
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