Hartzell Inc.had the following data for 2014,in millions: Net income = $600;after-tax operating income [EBIT (1-T) ] = $700;and Total assets = $2,000.Information for 2015 is as follows: Net income = $825;after-tax operating income [EBIT (1-T) ] = $1,175;and Total assets = $2,500.How much free cash flow did the firm generate during 2015?
A) $668
B) $635
C) $513
D) $587
E) $675
Correct Answer:
Verified
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