NO.PZ201512300100001304
问题如下:
3.The free cash flow to the firm is closest to:
选项:
A.$23,031,000.
B.$25,441,000.
C.$36,091,000.
解释:
A is correct.
Using Ebinosa’s assumptions:
Capital expenditures equal 125 percent of depreciation to support the current level of revenues.
l Additional capital expenditures of 15 percent of incremental revenues are needed to fund future growth.
老师不理解这两个是怎么算出来的。麻烦给一下详细的计算,最好解释一下,谢谢