Cellular Access Inc. is a cellular telephone service provider that reported net operating profit after tax (NOPAT) of $245 million for the most recent fiscal year. The firm had depreciation expenses of $122 million, capital expenditures of $201 million, and no interest expenses. Working capital increased by $11 million. Question: Calculate the free cash flow for Cellular Access for the most recent fiscal year. The free cash flow is closest to ($ million): (10 points) A. 155 B. 166 C. 44 D. 99
Lion Essays is a licensed Academic Writing Service created to offer academic help to students from all parts of the world. We strive to be the best at what we do by combining convenient academic help with affordable pricing to allow all students to subscribe to our outstanding services.