What is the free cash flow for the common equity stakeholder

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Question - Morgan Company reported the following items in 2020:

Net income $50,000

Dividends paid 6,000

Increase in accounts receivable 12,000

Increase in accounts payable 8,000

Purchase of equipment (capital expenditure) 9,000

Depreciation expense 3,500

Issue of notes payable 15,000

Required - What is the free cash flow for the common equity stakeholder?

Reference no: EM133120660

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