Problem:
Over the past year, a firm has paid $72 in dividends and $77 in interest. It has issued $91 in net new equity, and borrowed an additional $196. The firm's net working capital changed from $28 at the beginning of the year to $36 at the end, depreciation was $48, and net fixed assets have gone up by $142.
Required:
Question: What was the firm's OCF for the year?
Note: Provide support for rationale.