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Business, 03.04.2020 16:01 kiasiab17

. Llewelyn Enterprises is a mid-cap manufacturing company that generated an after-tax return on invested capital of 20% in the most recent twelve months and reported free cash flows to the firm (FCFF) of $60 million during the period. If the company had $900 million in equity, $600 million in debt and $300 million in cash at the start of the period and expects to maintain its current return on capital and reinvestment rate next year, estimate its expected growth rate in operating income next year.

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