Volunteer Enterprises has the following information for the current year. Calculate its free cash flow to equity.

FCF

$1,000$

Interest expense

$40$

Principal payments

$100$

New debt

$400$

Tax rate

$35\%$

$$

a$.$

$$1,567$

b$.$

$$1,424$

c$.$

$$1,270$

d$.$

$$1,274$

e$.$

$$1,070$