What is free cash flow to the firm

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A firm has EBIT of $6.42 per share and depreciation per share of $1.82. Its tax rate is 22.9%. They have spent $1.49 per share on new capital projects (CAPEX), and they also spent $0.94 on net investment in new inventory. What is their free cash flow to the firm (FCFF)? State your answer as a dollar amount with two decimal places.

Reference no: EM133058434

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