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Question
Based on the following, what is the free cash flow?
Net cash flows from operating activities $318,000
Net cash flows used for investing activities (30,000)
Net cash flows used for financing activities 30,000
Cash flows from operations include $2,000 for depreciation. Cash flows from investing include the purchase of a replacement asset for $100,000 and the sale of the one used in production, which is now obsolete, for $70,000. Cash flows from financing include $70,000 of borrowing.
Answer
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