Continuing from Problem 1, at the end of the first year, Chemtec is expecting sales of \$250$250 million and costs of \$125$125 million. There are no more required investments in either net working capital or plant and equipment. However, the existing plant and equipment will experience \$50$50 million of depreciation.
Assume that Chemtec's marginal tax rate on earnings is 35\%35%.
Assuming that all of these cash flow occur at the end of the first year, what is the first year's free cash flow?
Answers
Answered by
0
Answer:
98.75
Step-by-step explanation:
Similar questions