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A company has the following information: Earnings before interest and taxes $ 130.00 Interest expense $ 8.00 Tax rate 40% Net change in debt $
A company has the following information:
| Earnings before interest and taxes | $ | 130.00 |
| Interest expense | $ | 8.00 |
| Tax rate | 40% | |
| Net change in debt | $ | 12.00 |
| Investment in total capital | $ | 9.00 |
What is its free cash flow to equity? Do not round intermediate calculations. Round your answer to the nearest cent.
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Understanding Futures Markets
Authors: Robert Kolb, James Overdahl
6th Edition
1405134038, 9781405134033
