You are researching a firm called Laurel Inc., a leading provider of small town home renovation services. Beginning with actual data from 2020. you rely on your expertise to make forecasts for the next two years. The spreadsheet below contains these values. Note that all amounts are in millions of dollars, and reflect levels. 2020 2021 2022 Revenue 20 21 22 Costs Networking capital 2 1 1 Depreciation 1 3 Taxes Paid 2.5 2 2 Capital expenditures 3 5 3 What is the free cash flow to the firm (FCFF) for Laurelin 2022? For simplicity, suppose that today is January 1, 2021 and that all amounts relevant for cash flow calculations happen at the end of the calendar year. So, for example, all 2021 amounts take place exactly one year from today. Enter your answer in millions of dollars, rounding to two decimal places. For example, if you find the cash flow is $12.345 million, enter your answer as 12,35 (without the dollar sign) Which of the following statements are true? A. In a CAPM / MPT setting, no asset can have less risk than the market portfolio B. In a CAPM / MPT setting, it is impossible to entirely eliminate risk OC. In a CAPM / MPT setting, two stocks with the same beta must have the same expected return O A and B Band C A and All of the above None of the above