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You are an equity analyst newly examining the financials of Titan Carpet Cleaners, Inc., and are examining measures of cash flow. The tax rate for

You are an equity analyst newly examining the financials of Titan Carpet Cleaners, Inc., and are examining measures of cash flow. The tax rate for the firm is 35%, and the Payout Ratio is 15%. You would like to determine several measures of income and cash flow for fiscal year 2023. There are no sales of PP&E in the current year. Using the table below, what is the Free Cash Flow to Equity?
\table[[\table[[Cash Flow From],[Operating]],,\table[[Cash Flow],[from],[Investing]],,\table[[Cash Flow],[From],[Financing]],9],[Net Income,5,351,\table[[Capex -],[Purch of],[PP&E]],-966,\table[[Revolving],[Credit Facility]],-152],[Deprec & Amort,871,,,\table[[Dividends],[Paid]],-803],[\table[[Accounts],[Receivable]],-3,161,,,\table[[Long Term],[Debt]],483],[Inventory,-1189,,,,],[\table[[Prepaid],[Expenses]],0,,,,],[\table[[Accounts],[Payable]],42,,-,,],[ST Notes,6,,,,]]
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