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Business, 03.05.2021 16:30 priscymtz27

Champagne, Inc., had revenues of $13 million, cash operating expenses of $9 million, and depreciation and amortization of $2 million during 2008. The firm purchased $650,000 of equipment during the year while increasing its inventory by $550,000 (with no corresponding increase in current liabilities). The marginal tax rate for Champagne is 25 percent. Free cash flow: What is Champagne's free cash flow for 2008

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