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Calculation of FCFE A company has the following information: $ 80.00 Earnings before interest and taxes Interest expense $ 6.00 Tax rate 40% Net change

Calculation of FCFE A company has the following information: $ 80.00 Earnings before interest and taxes Interest expense $ 6.00 Tax rate 40% Net change in debt 10.00 Investment in total capital $ 8.00 What is its free cash flow to equity? Do not round intermediate calculations. Round your answer to the nearest cent. $ tA

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