Question
A firm has EBIT of $4.98 per share and depreciation per share of $1.38. Its tax rate is 24.7%. They have spent $1.55 per share
A firm has EBIT of $4.98 per share and depreciation per share of $1.38. Its tax rate is 24.7%. They have spent $1.55 per share on new capital projects (CAPEX), and they also spent $0.93 on net investment in new inventory. What is their free cash flow to the firm (FCFF)? State your answer as a dollar amount with two decimal places.
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Financial Mathematics Derivatives And Structured Products
Authors: Chan
1st Edition
9811336954, 978-9811336959
