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During the year, Xero, Inc., experienced an increase in net fixed assets of $300,000 and had depreciation of $200,000.

It also experienced an increase in current assets of $150,000 and an increase in accounts payable of $75,000.

If operating cash flow (OCF) for the year was $700,000, calculate the firm's free cash flow (FCF) for the year. The free cash flow (FCF) is $ (Round to the nearest dollar.)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M93051257

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