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Lauryns Doll Co. had EBIT last year of $48 million, which is net of a depreciation expense of $4.8 million. In addition, Lauryns made $5.5
Lauryns Doll Co. had EBIT last year of $48 million, which is net of a depreciation expense of $4.8 million. In addition, Lauryns made $5.5 million in capital expenditures and increased net working capital by $1.8 million. Assume that Lauryns has a reported equity beta of 1.5, a debt-to-equity ratio of .6, and a tax rate of 21 percent. What is Lauryns FCF for the year?
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