medium · Investment Banking

You are calculating the Unlevered Free Cash Flow (UFCF). You have EBITDA of $200M, Depreciation of $40M, CapEx of $50M, and an increase in Net Working Capital of $10M. The tax rate is 30%.

What is the UFCF?

  1. $112M
  2. $102M
  3. $140M
  4. $92M

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