Which of the following statements about free cash flow is the most accurate if a firm has debt?

Group of answer choices

A. Positive FCFF means the company has an excess cash flow available after amounts needed for investments for the future and amounts needed for repayment of debt

B. FCFE is the cash flow available after all operating expenses have been paid and necessary investments in working capital and fixed capital have been made

C. FCFE is the cash flow a firm has in excess of operating expenses and amounts needed for investments for the future and payment of borrowing costs