Use the Following Information to Answer the Question(s)below

question 94

Multiple Choice

Use the following information to answer the question(s) below.
Galt Industries is expected to generate free cash flows of $24 million per year.Galt has permanent debt of $80 million,a corporate tax rate of 21%,and an unlevered cost of capital of 12% and its cost of debt capital is 6%.
-Galt's free cash flow to equity (FCFE) is closest to:

• A)$19.2 million.
• B)$23.4 million.
• C)$20.2 million.
• D)$24.0 million.

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The mechanism in Java that allows a programmer to access classes and interfaces from other packages, making them available for use in their code.

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