FCFE from EBIT
An analyst for Remley Company has assembled the following information in local currency units
(LCU):
\(EBIT = \$1,444\)
\(Average\ tax\ rate = 32\%\)
\(Marginal\ tax\ rate = 37\%\)
\(Depreciation = \$3,321.2\)
\(Working\ capital\ investment = \$1,299.6\)
\(Fixed\ capital\ investment = \$3,032.4\)
\(New\ borrowing = \$2,743.6\)
Assuming Remley's only non-cash charge is depreciation expense, the analyst will calculate FCFE
closest to:
$\ Number
Round your answer to the dollar.