Assume the following investment opportunity. The company has constant leverage (debt to assets) of 50%, the cost of equity is 20%, and the cost of debt is 7.5%. The corporate tax rate is 25%. Investment takes place today, that is at year 0, and equals 30. Projections of the opportunity are in the table below. The firm needs to use employees from HQ, which currently had no other project, and earn a yearly salary of 1.5 in total. Year 1 2 3 4 5 EBIT 12 14 16 18 20 Interests 0.5 0.5 55 1 1 1.5 Depreciation 2.6 2.6 2.6 What are the free cash flows for year 4? a. 8.90 b. 16.10 c. 14.60 d. 10.90 2.6 2.6