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Cellular Access? Inc., is a cellular telephone service provider that reported net operating profit after tax? (NOPAT) of $246 million for the most recent fiscal year. The firm had depreciation expenses of $100 ?million, capital expenditures of $192 ?million, and no interest expenses. Working capital increased by $12 million. Calculate the free cash flow for Cellular Access for the most recent fiscal year.

The free cash flow is ?_____? million. ? (Round to the nearest? integer.)

Financial Management, Finance

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