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Business, 11.10.2019 04:00 calebmoore925

5hannaford enterprises reported earnings before interest, taxes, depreciation and amortization (ebitda) of $ 500 million in 1999. the firm had depreciation of $ 80 million and reported capital expenditures of $ 120 million. in addition, the firm acquired another firm for $ 150 million during 1999, and reported amortization of $ 40 million for the year. finally, the firm’s total working capital increased from $ 80 million to $ 180 million, but half of this increase was due to an increase in the cash balance; the firm has no short term debt. if the firm has a tax rate of 40%, estimate the free cash flow to the firm.

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