10. Please compute (1) FCFF and (2) FCFE for the year 2021 based on the following financial statements.

Balance Sheet

In millions	31 Dec. 2020	31 Dec. 2021
Cash	210	249
Accounts receivable	474	512
Inventory	520	564
Gross fixed assets	2501	2850
Accumulated depreciation	(604)	(784)
Net fixed assets	1897	2066
Total assets	3101	3391
Accounts payable	371	416
Notes payable	300	310
Long-term debt	1010	1050
Common stock	50	50
Additional paid-in capital	300	300
Retained earnings	1070	1265
Total liabilities and equity	3101	3391

Income Statement

In millions	31 Dec. 2021
Sales	2215
Operating costs and expenses	1430
Depreciation	180
Interest expense	130
Taxes (at 40%)	190
Net incomes	285
Dividends	90
Addition to retained earnings	195