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Lauryn's Doll Co. had EBIT last year of $42 million, which is net of a depreciation expense of $4.2 million. In addition, Lauryn's made $6

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Lauryn's Doll Co. had EBIT last year of $42 million, which is net of a depreciation expense of $4.2 million. In addition, Lauryn's made $6 million in capital expenditures and increased networking capital by $1.0 million. Assume that Lauryn's has a reported equity beta of 1.4, a debt-to-equity ratio of .5, and a tax rate of 21 percent. What is Lauryn's FCF for the year?(Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.)

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