To look at the firm’s div

To look at the firm’s div

To look at the firm’s dividend policy, you look at RAD’s financial statements for the last year. RAD, in 2013, had net income of $118 million (operating income $1,132 million), capital expenditures of $315.846 million, depreciation and amortazation of $414.111 million and its non-cash working capital decreased by $112.767 million. If it financed 50% of its external financing needs with debt, estimate its FCFE in 2013.

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