23) Calculate a firm's free cash flow if it 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% A) $0 B) -$18,000 9-$20,000 D) -$10,000 24) The price of a share of common stock in a publicly-traded firm represents A) the board of directors' assessment of the intrinsic value of the firm B) the market's evaluation of a firm's present and future performance g earnings after tax divided by the number of shares outstanding D) the book value of the firm's assets less the book value of its liabilities 25) A 30-year corporate bond issued in 1985 would now trade in the A) primary capital market B) secondary money market 9 secondary capital market D) primary money market