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7. The following information is for a firm that has net debt on its balance sheet (in millions of dollars). Common shareholders' equity, December 31,

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7. The following information is for a firm that has net debt on its balance sheet (in millions of dollars). Common shareholders' equity, December 31, 174.8 2011 Common dividends, paid December 2012 8.3 Issue of common shares, December 2012 Common shareholders' equity, December 31 ,226.2 2012 Net debt, December 31, 2011 Net debt, December 3 1, 2012 34.4 54.3 37.4 There were no share repurchases during 2012. The firm reported net interest after tax of $4 million on its income statement for 2012, and this interest was paid in cash. Calculate the firm's free cash flow for 2012

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