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Lauryns Doll Co. had EBIT last year of $49 million, which is net of a depreciation expense of $4.9 million. In addition, Lauryns made $4.5
Lauryns Doll Co. had EBIT last year of $49 million, which is net of a depreciation expense of $4.9 million. In addition, Lauryns made $4.5 million in capital expenditures and increased net working capital by $2.2 million. Assume that Lauryns has a reported equity beta of 1.7, a debt-to-equity ratio of .7, and a tax rate of 21 percent. What is Lauryns FCF for the year?(Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.)
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