Bubba Ho-Tep Company reported net income of $300 million for the most recent fiscal year.The firm had a capital cost allowance (CCA) of $125 million and capital expenditures of $150 million.Although it had no interest expense,the firm did have an increase in net working capital of $20 million.What is Bubba Ho-Tep's free cash flow?
A) $170 million
B) $255 million
C) $150 million
D) $5 million
E) $25 million
Correct Answer:
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