Multiple Choice
A firm reports that in a certain year it had a net income of $4.5 million, depreciation expenses of $2.8 million, capital expenditures of $2.3 million, and Net Working Capital decreased by $1.5 million. What is the firm's free cash flow for that year?
A) $2.4 million
B) $6.5 million
C) $11.1 million
D) $8.1 million
Correct Answer:
Verified
Correct Answer:
Verified
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