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The Net Income of a firm is $864. Net capital expenditures for the year was $88, depreciation is $46, and non-cash working capital increased by
The Net Income of a firm is $864. Net capital expenditures for the year was $88, depreciation is $46, and non-cash working capital increased by $24. If the firm has a stable capital structure and its debt to capital ratio (i.e., D/ (D+E)) is expected to remain fixed at 44%, what is the free cash flow to the equity holders (FCFE)?
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