Consider the free cash flow approach to stock valuation. Utica Manufacturing Company is expected to have: Cash flow from operations of $500,000 in the coming year. Depreciation for the year will be $100,000. The firm's corporate tax rate is 30%. It is expected that $200,000 of operating cash flow will be invested in new fixed assets. Cash flows are expected to grow at 6% per year. The appropriate market capitalization rate is 15% per year. The firm has $1,000,000 in outstanding debt that they do not plan to do anything with. What is projected free cash flow to equity of Utica Co. for the coming year? A. $500,000 B. $400,000 C. $300,000 D. -$400,000 E. -$500,000 F. -$700,000 G. none of the above