Assume that lauryn has reported equity beta

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Reference no: EM131307819

Lauryn’s Doll Co. had EBIT last year of $56 million, which is net of a depreciation expense of $5.6 million. In addition, Lauryn made $5.30 million in capital expenditures and increased net working capital by $2.7 million. Assume that Lauryn has a reported equity beta of 1.7, a debt-to-equity ratio of .4, and a tax rate of 30 percent. What is Lauryn’s FCF for the year? (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places. Omit the "$" sign in your response.)

Reference no: EM131307819

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Assume that lauryn has reported equity beta : Lauryn’s Doll Co. had EBIT last year of $56 million, which is net of a depreciation expense of $5.6 million. In addition, Lauryn made $5.30 million in capital expenditures and increased net working capital by $2.7 million. Assume that Lauryn has a re..

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