Question: Ch 6 Assignment i | Saved ve & Exit Submit 1 2 points Skipped eBook Lauryn's Doll Co. had EBIT last year of $46

Ch 6 Assignment i | Saved ve & Exit Submit 1 2

Ch 6 Assignment i | Saved ve & Exit Submit 1 2 points Skipped eBook Lauryn's Doll Co. had EBIT last year of $46 million, which is net of a depreciation expense of $4.6 million. In addition, Lauryn's made $6.25 million in capital expenditures and increased net working capital by $3.6 million. Assume that Lauryn's has a reported equity beta of 1.5, a debt-to-equity ratio of .4, and a tax rate of 21 percent. What is Lauryn's FCF for the year? (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.) Print References FCF million

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!