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Lauryns Doll Co. had EBIT last year of $58 million, which is net of a depreciation expense of $5.8 million. In addition, Lauryn made $6.30
Lauryns Doll Co. had EBIT last year of $58 million, which is net of a depreciation expense of $5.8 million. In addition, Lauryn made $6.30 million in capital expenditures and increased net working capital by $2.5 million. Assume that Lauryn has a reported equity beta of 1.9, a debt-to-equity ratio of .6, and a tax rate of 30 percent. What is Lauryns FCF for the year? (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places. Omit the "$" sign in your response.) |
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