Question: Selected information regarding Tempra Capital is given below: Earnings before interest and tax = $950,125 Interest expense = $215,250 Fixed capital expenditures = $775,280 Depreciation

Selected information regarding Tempra Capital is given below:

Earnings before interest and tax = $950,125

Interest expense = $215,250

Fixed capital expenditures = $775,280

Depreciation expense = $290,155

Working capital investment = $321,255

Net borrowing = $540,290

Given a tax rate of 40%, free cash flow available to holders of common equity isclosest to:

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