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Given the Following Data for Year-1

Question 2

Multiple Choice

Given the following data for year-1:
Profits after taxes = $14 millions; Depreciation = $6 millions; Interest expense = $6 millions; Investment in fixed assets = $12 millions; and Investment in working capital = $3 millions; Calculate the free cash flow (FCF) for year-1:


A) $4 millions
B) $5 millions
C) $6 millions
D) none of the above

Correct Answer:

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