medium · Investment Banking

An analyst is building a DCF for Vertex Co. and needs to calculate the unlevered free cash flow (UFCF) for Year 1. Given the following data: EBITDA = $200M; Depreciation & Amortization =$40M; Capital Expenditures = $50M; Increase in Net Working Capital =$10M; Corporate Tax Rate = 30%.

What is the UFCF?

  1. $142M
  2. $92M
  3. $112M
  4. $102M

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