Please show the work for the problem below. Thank you.
Given the following data from Swamp & Sand Industries, calculate the FCF (Free Cash Flow). The tax rate is 30%.
Sales 1030 Cost of Sales 400 SGA 308 Depreciation 114 Interest Expense 8 Change NWC 21 CapEx 100 Dividends 11
Note SGA does not include depreciation.
You Answered 1
Correct Answer139.0
FCF = EBIT -Taxes +Dep -Chg NWC -CapEx