In 2012, net cash provided by operations for ABC Company was$106,484. The company spent $702 on property and plant. It also acquired another company costing $31,536.Additionally, the company paidits debt of $25,000, and dividend of $29,377. The company made an interest revenue of $50 and paid an interest of $394. The tax rate is 35%.

(a) Calculate the amount of free cash flows for all debt and equity shareholders for ABC Company for year 2012.

(b) Calculate the amount of free cash flows for common equity shareholders for ABC Company for year 2012.