What is the free cash flow to equity holder of macro

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Looking at their financial statement you find that macro corporations has EBIT of $3400000. Macro paid $200000 in interest and has a tax rate of 30%. During the year Macro invested 19% of pre-tax earnings in the new equipment and additional 6% into working capital to fund its growth. It financed these investments in part by raising $300000 (net) of new debt. The depreciation is $250000. What is the free cash flow to equity holder of Macro?

Reference no: EM132662135

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