Answer 7&8 Please

7. Charleston Freighters, Inc. had the following financial data: Table 1 Charleston Freighters, Ine Net Income After-Tax Operating Income Total Assets 2016 2017 600 $835 $700 $1,275 2,000 $2.500 If Depreciation & Amortization was $200, how much after-tax free cash flow did the firm generate during 2017? a. $1053 b. $780 c. $1,102 d. $907 e. $975 C. F. Lee Inc. has the following abbreviated income statement. How much after-tax operating income (i.e., after-tax EBIT) did the firm generate? 8. Table 2 2017 Sales Costs Depreciation EBIT Interest expense EBT Taxes (35%) Net income $2,700.00 1,850.00 192.00 $658.00 285.00 $373.00 130.55 $242.45 a. $440.53 b. $517.52 c$376.38 d. $427.70 e. $504.69