Consider a company with earnings before interest and taxes (EBIT) of $300,000, tax rate of...

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Accounting

Consider a company with earnings before interest and taxes (EBIT) of $300,000, tax rate of 22%, depreciation and amortization expenses of $40,000, capital expenditures of $100,000, acquisition expenses of $10,000 and change in working capital of $50,000. How much is its free cash flow during that period? Round to the nearest cent.

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