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Adjusted Cash Flow from Assets [LO3] Ward Corp. is expected to have
an EBIT of $1.9 million next year. Depreciation, the increase in
net working capital, and cap- ital spending are expected to be
$165,000, $85,000, and $115,000, respectively. All are expected to
grow at 18 percent per year for four years. The company currently
has $13 million in debt and 800,000 shares outstanding. After Year...