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Greener Side Fertilizer, Inc. estimates that its total financing needs for the coming year will be $35 million. The firm's required financing payments on its

Greener Side Fertilizer, Inc. estimates that its total financing needs for the coming year will be $35 million. The firm's required financing payments on its debt and equity financing during the coming fiscal year will total $15 million. The firm's financial manager estimates that operating cash flows (OCFs) for the coming year will total $30.1 million and that the following changes will occur in the accounts noted.

Account Forecast change
Gross fixed assets +$5 million
Change in current assets +$3 million
Change in accounts payable +$2 million
Change in accrued liabilities +$0.6 million

a. Estimate Greener Side's free cash flow (FCF) for the coming year.
b. How much of the free cash flow will the firm have available as a source of new internal financing in the coming year?
c. How much external financing will Greener Side need during the coming year to meet its total forecast financing needs?

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