Respond true or false to the following statements about the free cash flow to the firm:

a. The free cash flow to the firm is always higher than the free cash flow to equity.

True ____ False ____

b. The free cash flow to the firm is the cumulated cash flow to all investors in the firm, though the form of their claims may be different.

True ____ False ____

c. The free cash flow to the firm is a predebt, pretax cash flow.

True ____ False ____

d. The free cash flow to the firm is an after-debt, after-tax cash flow.

True ____ False ____

e. The free cash flow to the firm cannot be estimated for a firm with debt without knowing interest and principal payments.

True ____ False ____