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Calculation of FCFE A company has the following information: Earnings before interest and taxes $120.00 Interest expense $9.00 Tax rate 25% Net change in

Calculation of FCFE A company has the following information: Earnings before interest and taxes $120.00 Interest expense $9.00 Tax rate 25% Net change in debt $12.00 Investment in total capital $11.00 What is its free cash flow to equity? Do not round intermediate calculations. Round your answer to the nearest cent.

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