Answer:
$208.0584 million
Explanation:
Total revenue = $814 million
Operating profit margin is 36%
Tax rate is 29%
Reinvestment rate is 46%
Therefore the FCFF can be calculated as follows
= $814 million × 36/100 × (1-29/100)
= $814 million × 0.36 ×(1-0.29)
= $814 million × 0.36 × 0.71
= $208.0584 million
Hence the FCFF is $208.0584 million
