Affluent Limited reported the following on its statement of income: Income before income tax $1,200,000 Income tax expense 380,000 Net income $ 820,000 Interest expense was $150,000. Affluent's times interest earned was (a) 9 times. (b) 8 times. (c) 6.5 times. (d) 5.5 times.Free cash flow is calculated as (a) net income minus net capital expenditures minus dividends paid. (b) net income minus dividends paid. (c) net cash provided (used) by operating activities minus net capital expenditures minus dividends paid. (d) net cash provided (used) by investing activities minus net capital expenditures minus dividends paid.