Free Cash Flow You are considering an investment in Crew Cut,Inc.and want to evaluate the firm's free cash flow.From the income statement,you see that Crew Cut earned an EBIT of $23 million,paid taxes of $4 million,and its depreciation expense was $8 million.Crew Cut's gross fixed assets increased by $10 million from 2007 to 2008.The firm's current assets increased by $6 million and spontaneous current liabilities increased by $4 million.What is Crew Cut's operating cash flow,investment in operating capital and free cash flow for 2013,respectively in millions?
A) $23, $10, $13
B) $23, $12, $11
C) $27, $10, $17
D) $27, $12, $15
Correct Answer:
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