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Given the following information, calculate free cash flow to equity: Net Income: $70 Working Capital Investment: $4 Beginning gross fixed assets, $90, Ending gross fixed
Given the following information, calculate free cash flow to equity:
Net Income: $70
Working Capital Investment: $4
Beginning gross fixed assets, $90, Ending gross fixed assets, $136
Beg accumulated depreciation $30, Ending accumulated depreciation $40
Depreciation Exp:$20
Capital expenditures: $45
Net Borrowing: $0
In addition, a piece of equipment with original book value $19 was sold for $10. The equipment book value at time of sale was $2 and gain was classified as unusual.Find Free Cash Flow to Equity.
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