ABC Company had the following data for the last year (dollars in thousands): Net income...
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ABC Company had the following data for the last year (dollars in thousands): Net income = $700; EBIT = $1,200; Total assets = $3,500; and Total operating capital = $2,100. Information for the current year is as follows: Net income = $800; EBIT = $1,748; Total assets = $3,800; and Total operating capital = $2,623. The company's federal and state tax rate is 35%. How much free cash flow did the firm generate during the current year? Ignore dollar sign and thousands and round your final answer to the nearest dollar, e.g., xxx. (Hint: FCF = NOPAT - Net Investment in Operating Capital)
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