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4. Indicate the effect on this period's Free Cash Flow to the Firm (FCFF) and Free Cash Flow to Equity (FCFE) of a change in

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4. Indicate the effect on this period's Free Cash Flow to the Firm (FCFF) and Free Cash Flow to Equity (FCFE) of a change in each of the items listed here. Assume a $100 increase in each case and a 40 percent tax rate. FCFF FCFE Net income Cash operating expenses Depreciation Interest expense EBIT Accounts receivable Accounts payable Property, plant, and equipment Notes payable Cash dividends paid Proceeds from issuing new common shares Common shares repurchased

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