How much free cash flow did the firm generate during 2009

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Stret Construction Co. Ltd. had the following data for 2008, in millions: Net income = $600; after-tax operating income [EBIT (1-T)] = $700; Gross fixed assets = $2,000; and Net operating working capital (NOWC) = 250. Information for 2009 is as follows: Net income = $825; after-tax operating income [EBIT (1-T)] = $925; EBITDA=1,700; Gross fixed assets = $2,500; and Net operating working capital (NOWC) = 350. Tax rate is 40%. How much free cash flow did the firm generate during 2009?

Reference no: EM13263672

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