Alpine corporation reported the following information for fiscal 2017 and 2016.

december 31 | 2017 | 2016
operating assets | $164,101 | $153,211
operating liabilities | 120,785 | 114,836
net cash flow from operations | 46,709 | 39,540
net operating profit after tax (nopat) | 33,371 | 31,742
discount factor | 6.0% | 6.0%

what are the company's free cash flows to the firm (fcff) for 2017?

$28,430

Explanation:

We have that FCFF = Net operating profit after tax (NOPAT) - change in net operating assets (NOA)

But NOA = Operating assets - Operating liabilities

2016 NOA = $153,211 - $114,836 = $38,375

2017 NOA = $164,101 - $120,785 = $43,316

Hence, the company's free cash flows to the firm (FCFF) for 2017 is

FCFF = $33,371 - ($43,316 - $38,375) = $28,430

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