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Lauryn's Doll Company had EBIT last year of $ 4 9 million, which is net of a depreciation expense of $ 4 . 9 million.

Lauryn's Doll Company had EBIT last year of $49 million, which is net of a depreciation expense of $4.9 million. In addition, Lauryn's made $4.5 million in capital expenditures and increased net working capital by $2.2 million. Assume that Lauryn's has a reported equity beta of 1.7, a debt-to-equity ratio of 0.7, and a tax rate of 21 percent. What is Lauryn's FCF for the year?
Note: Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.
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