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Innovative Designs recently reported exist230,000 of sales, exist140,500 operating costs other than depreciation, and exist9,200 of depreciation. The company had exist35,250 of outstanding bonds that carry a 6.75% interest rate, and its tax rate was 35%. In order to sustain its operations, the firm spent exist15,250 on new fixed assets (capital expenditures) and invested an additional exist6,550 in net operating working capital. What was the firms free cash flow (FCF)? 

Financial Management, Finance

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