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Given the Following Data for Year-1

question 60

Multiple Choice

Given the following data for year-1:
Profits after taxes = $14 millions; Depreciation = $6 millions; Interest expense = $6 millions; Investment in fixed assets = $12 millions; and Investment in working capital = $3 millions; Calculate the free cash flow (FCF) for year-1:

Recognize the differences between licensees, invitees, and trespassers concerning property law.
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