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Matsumara Fishworks has the following Income statement and balance sheet for 1957. The firm paid out 50% of it's Net Income as Dividends. What is

Matsumara Fishworks has the following Income statement and balance sheet for 1957. The firm paid out 50% of it's Net Income as Dividends. What is the firms Cash Flow to Equity Holders? (Round to nearest penny and do not enter commas, e.g. 1234.56)

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1957 Income Statement Revenue 227399 Costs 38649 Depreciation 16745 Ebit Interest Expense 14572 Taxable Income Tax Expense @ 22% Net Income 1957 Balance Sheet Year 1956 1957 1956 1957 16230 17529 17258 13816 Current Assets Current Liabilities 144249 174206 125730 139033 Fixed Assets Long- Term Debt 37975 33377 Common Stock

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