What was its free cash flow

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Reference no: EM131580757

Acme Incorporated had $13,000 of sales, $7,750 of operating costs, and $1,660 of depreciation. The company had $3,500 of debt for which it pays 6.25% interest per year. Its total tax rate was 35%. During the same period, the firm spent $1,750 on required fixed assets and additional operating working capital. What was its free cash flow?

a. 2130.00

b. 2222.50

c. 2015.00

d. 2235.00

e. 2300.00

Reference no: EM131580757

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