20. What is the free cash flow to equity (FCFE) for 20X5? a. -$250 b. -$25 c. $25 d. $250 O A. a. $250 8. b. $25 O C. c. $25 O D. d. $250 19. The following balance shoot and income statement should be used for the next three questions Nabors, Inc. 20x5 Income Statement ($ in millions) Net sales Less: Cost of goods sold Less: Depreciation Earnings before interest and taxes Less: Interest paid Taxable income Less: Taxes Net Income $0,610 6,310 1.370 1,930 630 $1,300 455 $ 845 Nabors, Inc. 20x4 and 20x5 Balance Sheets ($ in milions) 20X4 20x5 Cash $ 310 $ 405 Accounts payable Accounts rec 2,640 3,055 Notes payable Inventory 3.275 3,850 Total CL Total CA $ 6,225 $ 7.310 Long-term debt Not fixed assets 10.960 10.670 Common stock Retained earnings Total assets $17.185 $17.980 Total liab.& equity 23. What is the free cash flow to the firm (FCFF) for 20X5? a $430 b. $485 C. $1,340 d. $2,590 20X4 20x5 $ 2,720 $ 2,570 100 0 $ 2.820 $ 2.570 7.875 8,100 5,000 5,250 1.490 2.060 $17,185 $17.980 O A a $430 B. b. $485 C. C.$1,340 D. d. 52,590 20. What is the free cash flow to equity (FCFE) for 20X5? a. -$250 b. -$25 c. $25 d. $250 O A. a. -$250 B. b. $25 O C. c. $25 D. d. $250