Question: Calculate Free Cash Flow from a Cash Flow Statement (Easy) The following summarizes the parts of a firm's cash flow statement that have to do with operating and investing activities (in millions):
![630_Net Income.png](https://secure.tutorsglobe.com/CMSImages/630_Net Income.png)
The firm made interest payments of $1,342 million and received $876 in interest receipts from I-bills that it held. The tax rate is 35 percent. Calculate free cash flow.