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Lauryns Doll Co. had EBIT last year of $48 million, which is net of a depreciation expense of $4.8 million. In addition, Lau

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Answer #1

FCF for the year = EBIT*(1-t) + Depreciation - Capex - Change in net working capital

EBIT * (1-t) = 48*(1-30%) = 33.6

FCF for the year = 33.6 + 4.8 - 5.5 - 1.8 = $ 31.10 M

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