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Given are the following data for year 1: Revenue = $150 million; Variable cost = $40...

Given are the following data for year 1:
Revenue = $150 million; Variable cost = $40 million; Fixed cost = $20 million; Depreciation = $10 million; Interest expense = $15 million; capital Investment = $25 million; change in working capital = $5 million. Corporate tax rate is 30%. Calculate the free cash flow to firm (FCFF) for year 1:

A.

$36 million.
B.

$56 million.
C.

$26 million.
D.

$66 million.
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