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Cellular Access Inc., is a cellular telephone service provider that reported net operating profit after tax (NOPAT) of $ 245 million for the most recent fiscal year. The firm had depreciation expenses of $ 101 million, capital expenditures of $ 196 million, and no interest expenses. Working capital increased by $ 11 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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