= Homework: Chapt... Question 13, Instructor-... HW Score: 62.5%, 15 of 24 points O Points: 0 of 2 Save SkeetWhoSee Corp released a complex announcement that involved changes in strategy. Trading of the firm's debt indicated a drop in value from $3 billion to $2.8 billion in response to the news. The market value of the firm's shares rose from $189 to $208. There are 90 million shares outstanding. Assuming a weighted average cost of capital of 9.7%, if the news had implications for the next three years of the firm's free cash flows (with the first coming one year from now), what might we infer about the size of that change in annual free cash flow? Report a figure in $ millions to two digits after the decimal. If the cash flow dropped, include a negative sign. The annual free cash flow rose by $ million.