27. Puregold has a net income of P 10 billion. Its depreciation expense is P 2 billion. Its after tax interest expense is P 1 billion. Capex is P 3 billion. Change in working capital is P 2 billion. Net new borrowings is P 3 billion. Its Free Cash Flow to Equity (FCFE) is

Group of answer choices

a. P 8 billion

b. P 10 billion

c. P 17 billion

d. None of the above