Problem:
Over the past year, a firm has paid $56 in dividends and $71 in interest. It has issued $99 in net new equity, and borrowed an additional $156. The firm's net working capital changed from $24 at the beginning of the year to $31 at the end, depreciation was $58, and net fixed assets have gone up by $107.
Required:
Question: What was the firm's OCF for the year?
Note: Provide support for your rationale.