8.A firm's total cash flow for the years is 22 million, its cash from investing activities (all comprising investment in fixed capital) is- $14

8.A firm's total cash flow for the years is 22 million, its cash from investing activities (all comprising investment in fixed capital) is- $14 million and its cash flow from financing activities is $6 million. It's before-tax interest totals $4 million and its investment in working capital totals $ 3 million. The tax rate is 30 %. What is its Free Cash Flow to the Firm?

a.$20 million

 b.$15.8 million

c.$18.8 million

d.$17 million

9. A firm's Free Cash Flow to the Firm is $24 million and its investment in fixed capital is $9 million. During the year it paid $2 million in interest, $2 million in dividends and $6 million in debt repayments. It did not borrow any money. Its tax rate is 35 %. What is its Free Cash Flow to the firm?

a.$26.7 million

b.$14.7million

c.$28.7million

d.$16.7million

10. A firm's Free Cash Flow to the Firm is $12 million, the value of its debt is $21 million, it's WACC is 12.6 % and its long-term growth rate is 6 %. What is the value of equity?

a.$160.8 million

b.$181.8 million

c.$192.7 million

d.$171.7 million