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Moncton Corporation has sales of $255M, operating costs of $175M, and depreciation of $32M. It also...

Moncton Corporation has sales of $255M, operating costs of $175M, and depreciation of $32M. It also has interest costs of $8m and its tax rate is 20%.
Moncton made a net investment in operating capital of $30m during the year. If the company’s share price is $17.50 and it has 12m shares outstanding, does Moncton have sufficient free cash flow to repurchase 10% of its shares?
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