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(Solution) - Abbreviated financial statements are given for Fletcher Corporat

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Abbreviated financial statements are given for Fletcher Corporation in Table 7.9. Year-end working capital in 2009 was $160 million, and the firm?s marginal tax rate was 40% in both 2010 and 2011. Estimate the following for 2010 and 2011:
a. Free cash flow to equity
b. Free cash flow to the firm


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This question was answered on: Jul 11, 2017

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