Moderna Pharmaceuticals is a mature company that has seen its R&D expenses decrease from $400 million five years ago to $200 million in the most recent year. The company reported operating income of $500 million in the most recent year. If you capitalize R&D expenses, which of the following would you expect to see happen to your adjusted numbers?

Group of answer choices

Operating income will decrese, no change in FCFF

Operating income will decrease, FCFF will increase

Operating income will increase, FCFF will decrease

Operating income will increase, no change in FCFF

Operating income will increase, FCFF will increase

Operating income will decrease, FCFF will decrease