Select information from ADINIKE Corporation’s financial statements is provided h

Question

Select information from ADINIKE Corporation’s financial statements is provided here. Balance Sheets as of December 31 2014 2013 Current Assets 240,000 180,000 Net Plant and Equipment 560,000 540,000 Total Assets 800,000 720,000 Accounts Payable 40,000 43,200 Notes Payable 56,000 21,600 Accruals 24,000 50,400 Long-Term Bonds 208,000 172,800 Total Common Equity 472,000 432,000 Total Liabilities & Equity 800,000 720,000 Income Statement as of December 31 2014 EBITDA 240,000.0 Depreciation and Amortization 28,000.0 Interest 20,800.0 Taxes 40% 76,480.0 Net Income 114,720.0 Other Information 2014 WACC 21.60% Number of common shares outstanding 8,000 Price per share $88.50 What was 2014 Free Cash Flow ? Question 6 options: A $(10,400) B$17,600 C $52,000 D $45,600

the BOLD are 2014, other numbers 2013*

Explanation / Answer

Free cash flow =17600

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