Question 14: (a) Explain what is Free Cash Flow (b) As of today, find out what is the Free Cash flow in dollars for IBM using annual statements and its annualized EPS growth rate for next 5Y from finviz.com. (c) Suppose you are the CFO of a well-established company, if you have a chance to double the Free Cash Flow of the company, but it requires the rate of the costs of the capital for the company to more than double, say, triple, will you do it ?

explain your reasoning.