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FCFE from EBIT An analyst for Remley Company has assembled the following information in local currency units ( LCU ) : EBIT = $ 1

FCFE from EBIT
An analyst for Remley Company has assembled the following information in local currency units
(LCU):
EBIT =$1,444
Average tax rate =32%
Marginal tax rate =37%
Depreciation =$3,321.2
Working capital investment =$1,299.6
Fixed capital investment =$3,032.4
New borrowing =$2,743.6
Assuming Remley's only non-cash charge is depreciation expense, the analyst will calculate FCFE
closest to:
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