Question
Calculation of FCFE A company has the following information: Earnings before interest and taxes$80.00Interest expense$15.00Tax rate40%Net change in debt$14.00Investment in total capital$12.00What is its free
Calculation of FCFE
A company has the following information:
Earnings before interest and taxes$80.00Interest expense$15.00Tax rate40%Net change in debt$14.00Investment in total capital$12.00What is its free cash flow to equity? Do not round intermediate calculations. Round your answer to the nearest cent.
$
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Financial Markets and Institutions
Authors: Jeff Madura
12th edition
9781337515535, 1337099740, 1337515531, 978-1337099745
