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Business, 29.04.2021 21:10 Harriche

TEI, LLC recently reported $8,250 of sales, $4,800 of operating costs other than depreciation, and $1,050 of depreciation. The company had no amortization charges, it had $3,250 of outstanding bonds that carry a 6.75% interest rate, and its federal-plus-state income tax rate was 25%. In order to sustain its operations and thus generate sales and cash flows in the future, the firm was required to spend $650 to buy new fixed assets and to invest $100 in net operating working capital. How much free cash flow did TEI generate

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