The 2015 income statement for Egyptian Noise Blasters shows thatdepreciation expense is $82 million, NOPAT is $245 million. At theend of the year, the balance of gross fixed assets was $660million. The change in net operating working capital during theyear was $72 million. Egyptian’s free cash flow for the year was$190 million.
Calculate the beginning-of-year balance for gross fixed assets.(Enter your answer in millions of dollars.)
