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A company has the following information: Earnings before interest and taxes $ 90.00 Interest expense $ 10.00 Tax rate 40% Net change in debt $
A company has the following information:
| Earnings before interest and taxes | $ | 90.00 |
| Interest expense | $ | 10.00 |
| Tax rate | 40% | |
| Net change in debt | $ | 11.00 |
| Investment in total capital | $ | 14.00 |
What is its free cash flow to equity? Do not round intermediate calculations. Round your answer to the nearest cent. $
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Gapenski's Healthcare Finance An Introduction To Accounting And Financial Management
Authors: Kristin L. Reiter, Paula H. Song
7th Edition
1640551867, 9781640551862
