Stingy Corporation is expected have EBIT of $1.2M this year. Stingy Corporation is in the 30% tax bracket, will report $133,000 in depreciation, will make $76,000 in capital expenditures, and will have a $24,000 increase in net working capital this year. What is Stingy's FCFF?
A) 1,139,000
B) 1,200,000
C) 1,025,000
D) 921,000
E) 873,000
Correct Answer:
Verified
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