21) If a firm has net operating profit after taxes of $60,000, depreciation expense of $10,000, net fixed asset investment requirement of $40,000, a net current asset requirement of $30,000 and a tax rate of 30%. What is the firm's free cash flow? (use the definition of FCF in review slides, that is, textbook definition) A. SO B. $30,000 C. -$30,000 D. $60,000 22) Two key aspects of a financial planning process are A. cash planning and investment planning B. operations planning and investment planning C. investment planning and profit planning D. cash planning and profit planning 23) The more seasonal and uncertain a firm's cash flows, the smaller the number of intervals and the shorter time intervals. A. True B. False 24) A firm's final sales forecast is usually a function of A. its net income B. the salesperson's estimates of demand C. internal and external factors in combination D. its accounts receivable