Hartzell Inc.had the following data for 2018,in millions: Net income = $600;after-tax operating income [EBIT (1-T) ] = $700;and Total assets = $2,000.Information for 2019is as follows: Net income = $825;after-tax operating income [EBIT (1-T) ] = $1,450;and Total assets = $2,500.Assume the firm had no excess cash.How much free cash flow did the firm generate during 2019?
A) $1159
B) $1,131
C) $884
D) $1,150
E) $950
Correct Answer:
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