1) FCFF is equal to?

2) FCFE is equal to?

(in millions) 59OTI2 Sales Cost of goods sold Salaries and wages Depreciation Other operating expense Gain on sale of equipment! Interest expense Income tax expense Net income 2011 $12,150 (8,900) (1,240) (625) (1,100) 120 (145) (84) $176 Book value of equipment was $880. Balance Sheet As of December 31 (in millions) Cash Accounts receivable Inventory Prepaid expenses Property, plant and equipment, net Total assets 2011 $580 472 1,640 82 4.480 $7,254 2010 $350 510 1,725 68 4.845 $7,498 Accounts payable Salaries payable Interest payable Income tax payable Other accrued liabilities Long-term debt Common stock Retained earnings Total liabilities and equity $1,490 42 48 32 450 1,583 2,175 1.434 $7,254 $1,620 48 35 60 540 1,557 2,070 1.568 $7,498