Question: Applying the Cash Conservation Equation (Easy}
a. A firm generated $143 million in free cash flow and paid a net dividend of$49 million to shareholders. How much was paid to debtholders and debt issuers?
b. A firm paid a dividend to shareholders of $162 million and repurchased stock for $53 million. There were no share issues. The firm received net cash of$86 million from debt financing transactions. What was its free cash flow?