Question
EBIT $8,450,000 Net income $5,000,000 Depreciation $700,000 Amortization $100,000 Interest expense $1,500,000 Income taxes $1,950,000 Capital expenditures $750,000 Increase in working capital $900,000 Net increase
EBIT $8,450,000
Net income $5,000,000
Depreciation $700,000
Amortization $100,000
Interest expense $1,500,000
Income taxes $1,950,000
Capital expenditures $750,000
Increase in working capital $900,000
Net increase in long-term debt $200,000
Assumed Tax Rate of 28.05%
26. How much is the computed net free cash flow to equity? a. $5.25 million b. $4.35 million c. $3.95 million d. $4.15 million
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Financial Management Core Concepts
Authors: Raymond M Brooks
3rd edition
133866696, 978-0133866698
