1. An analyst gathered the following information about a company:
·Cash flow from operations　　　　　　$800
·Purchase of plant and equipment　　　　 40
·Sale of land　　　　　　　　　　　　　30
·Interest expense　　　　　　　　　　　 80
·Depreciation and amortization　　　　　 100
·The company has a tax rate of 35% and prepares its financial statements under U.S. GAAP.
The company's free cash flow to the firm (FCFF) is closest to: