New Millenium Company earned $2.5 milion in net income last year. It took depreciation deductions of $300,000 and made new investments in working capital and fixed assets of $100.000 and $350,000, respectively. a. What was New Millenium's free cash flow last year? b. Suppose that the company's free cash flow is expected to grow at 5% per year forever. If investors require a return of 8% on Millenium stock, what is the present value of Millenium's future free cash flows? c. New Millenium has 3.5 million shares of common stock outstanding. What is the per-share value of the company's common stock? d. What is the company's P/E ratio based on last year's earings (ie, trailing eamings)? e. What is the company's P/E ratio based on next year's earnings (assuming that earnings grow at the same rate as free cash flow) a Milenium's free cash flow last year was $ . (Round to the nearest dolar) b. The present value of Milleniums future free cash flows is $ (Round to the nearest dollar) 6. The per-share value of the company's common stockis (Round to the nearest cont) d. The company's PE ratio based on last year's earnings (ie, trailing earnings) (Round to one decimal place) . The company's PE ratio based on next year's earnings is (Round to two decimal places)