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Lauryn's Doll Co. had EBIT last year of $56 million, which is net of a depreciation expense of $5.6 million. In addition, Lauryn's made
Lauryn's Doll Co. had EBIT last year of $56 million, which is net of a depreciation expense of $5.6 million. In addition, Lauryn's made $5.3 million in capital expenditures and increased net working capital by $2.7 million. Assume that Lauryn's has a reported equity beta of 1.7, a debt-to-equity ratio of .4, and a tax rate of 21 percent. What is Lauryn's FCFF for the year? FCFF: in $ million
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