1. Find CFFA (Free Cash Flow) for the U.S. Corporation using Method 1 (left side of CF Identity - how the cash is generated): CFFA = Operating Cash Fow - Net Capital Spend - Changes in Net Working Capital - Operating Cash flow = (EBIT + DeRR - Taxes) - Net Capital Spend = (End NFA - Beg NFA + Depd) - Changes in Net Working Capital = (End NWC-Beg NWC) Operating Cash Flow =(694+65212)=547 Net Capital Spend = 2. Find CFFA (Free Cash Flow) for the U.S. Corporation using Method 2 (right side of CF identity where the cash goes) CFA = Cash How to Creditors + Cash Flow to Shareholders - Cash flow to Creditors = interest paid - new borrowings (End LTD - Beg ITD) - Cash How to Shareholders = Dividends Paid - New Equity Raised (End Equity-Beg Equity Add to P.)