1. 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