Hartzell Inc

question 65

Multiple Choice

Hartzell Inc. had the following data for 2010, in millions: Net income = $600; after-tax operating income [EBIT(1 - T) ] = $700; and Total assets = $2,000. Information for 2011 is as follows: Net income = $825; after-tax operating income [EBIT(1 - T) ] = $925; and Total assets = $2,500. How much free cash flow did the firm generate during 2011?

• A) $383
• B) $425
• C) $468
• D) $514
• E) $566