During 2015, NICO Corporation Had EBIT of $100,000, a Change

Multiple Choice

During 2015, NICO 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