Assume a firm finances a fixed percentage of its capital spending and investments in working capital with debt. A firm has a total debt ratio of 60%. It has $1,500 in capital expenditures, $1,200 in depreciation and the change in working capital is $100. With a net income of $3,000, what is the firms FCFE per share if there are 1000 shares outstanding. Use the following: FCFE = NI (1 Debt ratio)(Capital Spending + change in Working Capital Depreciation)