Financial information of a tech company is presented below. During the year, the company made a net investment in operating capital of $30 million. If the company's share price is $22, it has 10 million shares outstanding, and its tax rate is 30%, does the company have sufficient free cash flow to repurchase 10% of its shares?

Income Statement	$ million
Sales	$320
Operating costs	220
Depreciation	20
EBIT	80
Interest expense	10
Earnings before tax	70
Tax (30%)	21
Earning after tax	$49

	A. The company will be able to repurchase more than 10% of its shares.
	B. The company will be able to repurchase 10% of its shares.
	C. The company will not be able to repurchase 10% of its shares.
	D. The company has no alternative but repurchasing its 10 % shares.