Computing free cash flow, During 2006, NICO Corporation had

Computing free cash flow

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Reference no: EM13124586

During 2006, NICO Corporation had EBIT of $100,000, a change in net fixed assets of $400,000, an increase in net current assets of $100,000, an increase in spontaneous current liabilities of $400,000, a depreciation expense of $50,000, and a tax rate of 30%. Based on this information, compute NICO's free cash flow?

Reference no: EM13124586

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