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A firm has EBIT of $5.71 per share and depreciation per share of $1.48. Its tax rate is 20.2%. They have spent $1.5 per share

A firm has EBIT of $5.71 per share and depreciation per share of $1.48. Its tax rate is 20.2%. They have spent $1.5 per share on new capital projects (CAPEX), and they also spent $1.06 on net investment in new inventory. What is their free cash flow to the firm (FCFF)? State you answer as a dollar amount with two decimal places.

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