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Chartered Financial Analyst Level 2

Chartered Financial Analyst Level 2

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33 An analyst gathers the following information (in $ millions) from a company's financial statements:
Year 1Year 2
Net income300330
Interest expense4044
Net working capital500300
Gross fixed assets6,0006,800
Depreciation expense300400
Long-term debt5,0005,700

If the corporate tax rate is 25%, what is the company's FCF (in $ millions) in Year 2?

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