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Suppose we have the following info about Disney in one particular year: Net Income = $1,500 Million; Capital spending = $1,700 Million; Depreciation = $1,100
Suppose we have the following info about Disney in one particular year: Net Income = $1,500 Million; Capital spending = $1,700 Million; Depreciation = $1,100 Million; Change in WC = $400 Million; Debt to Capital Ratio = 25%. Disneys leverage is assumed to be stable. The companys free cash flows to equity (FCFE) for the year are _____. $750 million $1,300 million $1,250 million $500 million
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