If a firm has $6.8 million in debt, $29.4 million in equity, a tax rate of 33%, and pays 5% interest on debt, what is the firm's PV of the interest tax shields? 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?