Free Cash Flow Model Lauryn's Doll Co. had EBIT last year of $40 million, which is net of a depreciation expense of $4 million. In addition, Lauryn made $5 million in capital expenditures and increased net working capital by $3 million. Using the information from Problem 3, what is Lauryn's FCF for the year? Problem 3 Free Cash Flow Model You are going to value Lauryn's Doll Co. using the FCF model. After consulting various sources, you find that Lauryn has a reported equity beta of 1.4, a debt-to- equity ratio of.3, and a tax rate of 30 percent. Based on this information, what is Lauryn's asset beta