The earnings before interests and taxes are reported as $300 million. The interest expenses are $50 million. The tax rate is 30%, the capital expenditures are $100 million, depreciation is $60 million, and the non-cash working capital increased by $150 million. If the firm issued $100 million of new debt and repaid $180 million of existing debt, what is the free cash flow to the equity holders of the firm? $21 million

$24 million

$65 million

-$95 million