Gurmeet Singh, an equity portfolio manager at a wealth management company, meets with junior research analyst Cindy Ho to discuss potential investments in three companies: Sienna Limited, Colanari Manufacturing, and Bern Pharmaceutical. Singh and Ho review key financial data from Sienna's 2016 annual report (in 5 million) to assess the company's ability to generate free cash flow. Cash flow from operations Net income 1794 Plus: Depreciation 800 Increase in accounts receivable -2000 Increase in inventory -200 Increase in accounts payable 1000 Cash flow from operations 1394 Cash flow from investing activities Purchases of PP&E -1000 Cash flow from financing activities Net borrowing 500 Total cash flow 894 Interest paid Tax rate 440 35% a) The free cash flow to firm (FCFF) in 2016 is $ million. b) The free cash flow to equity (FCFE) in 2016 is $ million