##### 33 An analyst gathers the following information (in $ millions) from a company's financial statements: | | Year 1 | Year 2 | |----------------|--------|--------| | Net income | 300 | 330 | | Interest expense | 40 | 44 | | Net working capital | 500 | 300 | | Gross fixed assets | 6,000 | 6,800 | | Depreciation expense | 300 | 400 | | Long-term debt | 5,000 | 5,700 | If the corporate tax rate is 25%, what is the company's FCF (in $ millions) in Year 2? | Chartered Financial Analyst Level 2 Quiz - LeetQuiz