The companys free cash flow to equity holders is closest


You are collecting data on a candidate for your own personal equity investment, and have gathered the following:

EBIT: 155MM

Tax bracket: 35%

Depreciation: $27MM

increase in net working capital: $1.2MM

Fixed capital investment: $10MM

interest expense: $3MM

Total debt outstanding, previous period: $150MM

Total debt outstanding, current period: $200MM

The company's free cash flow to equity holders is closest to:

a. $164.60MM

b. 167.00MM

c. $168.50MM

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Financial Management: The companys free cash flow to equity holders is closest
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