Question 10 4 pts Telos recently reported (in millions) $8.250 of sales, $5,750 of operating costs other than depreciation, and $650 of depreciation. The company had $3,200 of outstanding bonds that carry a 5% interest rate, and its federal-plus-state income tax rate was 35%. In order to sustain its operations and thus generate future sales and cash flows, the firm was required to make $1.250 of capital expenditures on new fixed assets and to invest $300 in net operating working capital. By how much did the firm's net income exceed its free cash flow? $718 $756 $796 $836 Question 11 4 pts The apparent but not necessarily the "true, financial position of a company whose sales are seasonal can change dramatically during a given year, depending on the time of year when the financial statements are constructed. True False