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Steinhardt Wig Company has the following Income statement and balance sheet for 2005. The firm paid out 65% of it's Net Income as Dividends. What

Steinhardt Wig Company has the following Income statement and balance sheet for 2005. The firm paid out 65% 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)

2005 Income Statement
Revenue 176655
Costs 23271
Depreciation 16885
Ebit
Interest Expense 7562
Taxable Income
Tax Expense @ 22%
Net Income

2005 Balance Sheet
Year 2004 2005 2004 2005
Current Assets 17455 17375 Current Liabilities 14757 17015
Fixed Assets 140357 157330 Long-Term Debt 136777 139901
Common Stock 30465 37106

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