Question
Lauryns Doll Co. had EBIT last year of $44 million, which is net of a depreciation expense of $4.4 million. In addition, Lauryn made $5.25
Lauryns Doll Co. had EBIT last year of $44 million, which is net of a depreciation expense of $4.4 million. In addition, Lauryn made $5.25 million in capital expenditures and increased net working capital by $3.3 million. Assume that Lauryn has a reported equity beta of 1.4, a debt-to-equity ratio of .7, and a tax rate of 30 percent. What is Lauryns FCF for the year?
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Financial Management Principles And Applications
Authors: Arthur J. Keown
9th Edition
013033362X, 9780130333629
