单选题 An analyst does research about free cash flow to the firm and gathers the following information about a company:
·Cash flow from operations is $1600
·Interest paid is $300
·Capital expenditures is $900
·Depreciation is $200
·Tax rate is 35%
Under U. S. Generally Accepted Accounting Principles (U. S. GAAP), free cash flow to the firm is closest to:
A. $795
B. $895
C. $1095

【正确答案】 B
【答案解析】[解析] 企业的自由现金流计算如下:
FCFF=CFO+[lnt×(1-tax rate)]-FCInv=$1600+$300×(1-35%)-$900=$895。