Intro Snowman Beverages has 200 million shares outstanding, trading at $58 per share. Selected information from its financial statements are given below (in millions of dollars). Year 2020 2021 Sales 3,043 3,800 - Operating expenses 2,130 2,660 Depreciation 456 570 EBIT 457 570 - Interest expenses 120 144 Taxable income 337 426 Taxes 108 136 Net income 229 290 Initial investment 740 820 Net working capital -68 29 Total debt 3,100 2,500 Attempt 1/3 for 5 pts. Part 1 What was the free cash flow to the firm (FCFF) in 2021? 1+ decimals Submit Attempt 1/3 for 5 pts. Part 2 What was the free cash flow to equity (FCFE) in 2021? 0+ decimals Submit Attempt 1/3 for 5 pts. Part 3 Sales and all expenses (including depreciation and capital expenditures) are expected to increase by 7% in 2022, while net working capital is expected to increase by 14%. What is the projected free cash flow to the firm for 2022? 0+ decimals Submit Attempt 1/3 for 5 pts. Part 4 Assume that the firm is at its optimal capital structure and will maintain it when financing its initial investment (net of depreciation), as well as the change in non cash working capital. What is the projected free cash flow to equity for 2022? 0+ decimals Submit