Abbreviated financial statements are given for Fletcher Corporation in the following table:

2019	2020
Revenues	$600.00	$690.00
Operating expenses	520	600
Depreciation	16	18
Earnings before interest and taxes	64	72
Less Interest Expense	5	5
Less: Taxes	23.6	26.8
Equals: Net income	35.4	40.2
Addendum:
Yearend working capital	150	200
Principal repayment	25	25
Capital expenditures	20	10

Yearend working capital in 2018 was $160 million and the firms marginal tax rate is 40% in both 2019 and 2020. Estimate the following for 2019 and 2020:

a. Free cash flow to equity.

b. Free cash flow to the firm.