Ryder System is a full-service truck leasing, maintenance, and rental firm with operations in North America and Europe. All data in millions. What is the FCFF?

2020

Revenues $5,192.0

(Less) Operating Expenses ($3,678.5)

(Less) Depreciation ($573.5)

= EBIT $940.0

(Less) Interest Expenses ($170.0)

(Less) Taxes ($652.1)

= Net Income $117.9

Working Capital $92.0

Total Debt $2,000 mil

The firm had capital expenditures of $800 million. The working capital in 2019 was $34.8 million, and the total debt outstanding in 2019 was $1.75 billion. There were 77 million shares outstanding, trading at $29 per share.

a. $139.75M

b. none of the answers are correct

c. $147.50M

d. $125.00M

e. not enough information to answer the question