The following information is available for Questmore Industries:
| Net operating income after taxes (NOPAT) | $100,000,000 | | Depreciation expense | 65,000,000 | | Change in net working capital | 15,000,000 | | Capital expenditures | 30,000,000 | | Invested capital (total assets – current liabilities) | $400,000,000 | | Weighted average cost of capital | 12% |
Calculate the free cash flow for Questmore.
A. $150,000,000B. $100,000,000 C. $165,000,000 D. $120,000,000 |
