During 2019,Xeron Corporation had EBIT of $100,000,a change in net fixed assets of $400,000,an increase in net current assets of $100,000,an increase in spontaneous current liabilities of $400,000,a depreciation expense of $50,000,and a tax rate of 30%.Based on this information,NICO's free cash flow is ________.
A) -$630,000
B) -$50,000
C) $650,000
D) -$30,000
Correct Answer:
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