3 Question 14 (4 points) In its recent income statement, Smith Software Inc. reported $24 million of net income, and in its year-end balance sheet, Smith reported $372 million of retained earnings. The previous year, its balance sheet showed $352 million of retained earnings. What were the total dividends paid to shareholders during the most recent year? (Answers are in $ millions.) 6 9 $2.00 $20.00 12 $24.00 $4.00 $31.00 15 Question 15 (4 points) Cox Corporation recently reported an EBITDA of $61 million and $10 million of net income. The company has $15 million interest expense and the corporate tax rate is 40.0% percent. What was the company's depreciation and amortization expense? (Answers are in $ millions.) $56.00 $46.00 15 $51.00 18 $36.00 $29.33 Question 16 (4 points) Hayes Corporation has $217 million of common equity on its balance sheet and 7,000,000 shares of common stock outstanding. The company's Market Value Added (MVA) is $118 million. What is the company's stock price? (Answers are in $ millions.) $16.86 $31.00 $47.86 $53.28 $14.73 Question 17 (4 points) Brooks Sisters' operating income (EBIT) is $139 million. The company's tax rate is 40.0%, and its operating cash flow is $135.2 million. The company's interest expense is $28 million. What is the company's net cash flow? (Assume that depreciation is the only non-cash item in the firm's financial statements.) (Answers are in $ millions.) $111.00 $66.60 $51.80 $83.40 $118.40