Question
ABC Co. had EBIT last year of $53 million, which is net of a depreciation expense of $4.8 million. In addition, ABC Co made $7.4
ABC Co. had EBIT last year of $53 million, which is net of a depreciation expense of $4.8 million. In addition, ABC Co made $7.4 million in capital expenditures and increased net working capital by $2 million. Assume that ABC Co has a reported equity beta of 1.2, a debt-to-equity ratio of .4, and a tax rate of 21 percent. What is ABC's free cash flow to firm for the year?
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Financial Management In The Public Sector Tools Applications And Cases
Authors: Xiaohu Wang
3rd Edition
0765636891, 9780765636898
