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Vasudevan Inc

Question 32

Multiple Choice

Vasudevan Inc. recently reported operating income of $2.75 million, depreciation of $1.20 million, and had a tax rate of 40%. The firm's expenditures on fixed assets and net working capital totaled $0.6 million. How much was its free cash flow, in millions?


A) $1.93
B) $2.03
C) $2.14
D) $2.25
E) $2.36

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