New Millenium Company earned $2.9 million in net income last year. It took depreciation deductions of $308,000 and made new investments in working capital and fixed assets of $100,000 and $344,000, respectively. a. What was New Millenium's free cash flow last year? b. Suppose that the company's free cash flow is expected to gro at 3% per year ore er l investors require a return of 8% on Millenium stock what is the present value o Millenium's future free cash flows? c. New Millenium has 3.4 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 earnings (l.e., trailing earnings)? e. What is the company's P/E ratio based on next s earnings assuming that earnings grow at the same rate as free cash flow). a. Millenium's free cash flow last year was s (Round to the nearest dollar.)