Indicate the effect on this period's FCFF and FCFE of a change in each of the items listed below.

Assume a $100 increase in each case and a 40 percent tax rate.

Please indicate whether ( Positive, Negetive, No change) for each one.

A) Net Income

B) Cash Operating expenses

C) Depreciation

D) Interest Expense

E) EBIT

F) Accounts Receivable

G) Accounts Payable

H) Property, Plant and equipment

I) Notes Payable

J) Cash dividends paid

K) Proceeds from issuing new common shares.

L) Common stock share repurchases

*Please attach workings for each item as well