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What was your free cash flow

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Your company's revenues were $3 million this year. You paid out $500,000 in salaries and your only other cash outflow was the purchase of a piece of construction equipment for $1 million that is to be depreciated to a zero salvage value on a straight-line basis over the next 10 years. If your tax rate is 35%, what was your free cash flow?

Reference no: EM132147214

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