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D) $12M 7) Delta Airlines expects Free Cash Flows of $4 million this year. The company's tax rate is 30%. The company needs to

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D) $12M 7) Delta Airlines expects Free Cash Flows of $4 million this year. The company's tax rate is 30%. The company needs to pay $1 milllon in interest payments to debt holders. Additionally, the company will reduce debt by $2 million. Given this information, what is the Free Cash Flow to Equity this year? A) $4.00 M B) $3.30 M C) $5.30 M D) $1.30 M

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