Please use the following information for the next five questions. Cranberry Company reported the following numbers (in millions) for fiscal year 2019. Net Income (in income statement) Cash flow from operations (in cash flow statement) Interest paid (in footnote to cash flow statement) Interest income (from income statement) $14,171 10,652 813 337 The cash investment section of the 2019 cash statement was reported as follows in millions): Investing Activities: $(4,070) (38) 70 Capital Spending Investments in marketable debt securities Proceeds from sales of investments in marketable debt securities Net increase in time deposits Proceeds from disposition of property Other operating investments Cash used for investing activities (108) 152 (60) $14.054) The firm has a tax rate of 30%. Question 20 (4 points) Calculate the after-tax net interest payments. $569.1 million $333.2 million $142.8 million $243 9 million Question 21 (4 points) Calculate cash flow from operations. $11,221.1 million $10.895.9 million $10.985.2 million $14.504.2 million Question 22 (4 points) Calculate cash investment in operations, $4,130 million $4,086 million $3.978 million $4,016 million Question 23 (4 points Calculate free cash flow generated in 2019. O 56,765.9 million O $7.007.2 million O 57.243.1 million $10.374.2 million Use the following information for the next two questions. A risk analyst gives JJ Company a CAPM equity beta of 1.8. The risk free rate is 1.5%. The market risk premium is 15%. Question 24 (4 points) Using CAPM, what is JJ's cost of capital? 27% 28.5% O 25.8% O24.3% Question 25 (4 points) At the end of August 2019 analysts were forecasting earnings of $4.80 per share for the fiscal year ending August 31, 2020. They were also forecasting that the P/E ratio would be 12 on August 31, 2020. JU is expected to pay $4 in dividends per share for the fiscal year. Calculate the current value of the stock in August 2019 for this P/E forecasting $44.82 $48.50 545135 547.94 Please use the following information for the next five questions. Cranberry Company reported the following numbers (in millions) for fiscal year 2019. Net Income (in income statement) Cash flow from operations (in cash flow statement) Interest paid (in footnote to cash flow statement) Interest income (from income statement) $14,171 10,652 813 337 The cash investment section of the 2019 cash statement was reported as follows in millions): Investing Activities: $(4,070) (38) 70 Capital Spending Investments in marketable debt securities Proceeds from sales of investments in marketable debt securities Net increase in time deposits Proceeds from disposition of property Other operating investments Cash used for investing activities (108) 152 (60) $14.054) The firm has a tax rate of 30%. Question 20 (4 points) Calculate the after-tax net interest payments. $569.1 million $333.2 million $142.8 million $243 9 million Question 21 (4 points) Calculate cash flow from operations. $11,221.1 million $10.895.9 million $10.985.2 million $14.504.2 million Question 22 (4 points) Calculate cash investment in operations, $4,130 million $4,086 million $3.978 million $4,016 million Question 23 (4 points Calculate free cash flow generated in 2019. O 56,765.9 million O $7.007.2 million O 57.243.1 million $10.374.2 million Use the following information for the next two questions. A risk analyst gives JJ Company a CAPM equity beta of 1.8. The risk free rate is 1.5%. The market risk premium is 15%. Question 24 (4 points) Using CAPM, what is JJ's cost of capital? 27% 28.5% O 25.8% O24.3% Question 25 (4 points) At the end of August 2019 analysts were forecasting earnings of $4.80 per share for the fiscal year ending August 31, 2020. They were also forecasting that the P/E ratio would be 12 on August 31, 2020. JU is expected to pay $4 in dividends per share for the fiscal year. Calculate the current value of the stock in August 2019 for this P/E forecasting $44.82 $48.50 545135 547.94