QUESTION 20 20. If the after-tax cost of debt is 10%, what is the before tax cost of debt for a firm in the 21% tax bracket? A) 5.85% B) 10.15% C) 12.66% D) 18.71% QUESTION 21 21. Free Cash Flow (FCF) is A) Net Income + Depreciation & Amortization + A In Non Cash Net Working Capital + A in Capital Expenditures B) Net Income - Depreciation & Amortization - A In Non Cash Net Working Capital - A in Capital Expenditures C) Net Income + Depreciation & Amortization - A In Non Cash Net Working Capital - in Capital Expenditures D) Net Income - Depreciation & Amortization + A In Non Cash Net Working Capital + A in Capital Expenditures