If the free cash flow is $100, net interest paid is $50, dividends are $150, the firms treasurer will:

	a.	Raise new debt (i.e., increase borrowing)
	b.	Reduce debt securities held as assets (i.e., decrease lending)
	c.	Reduce existing debt (i.e., reduce borrowing)
	d.	Buy debt securities (i.e., increase lending)
	e.	a and/or b