I". Do Pham is evaluating Phaneuf Accelerateur lav using the FCFF and FCFE valuation approaches. Pham has collected the following information {currencyr in euro]: I Phaneuf has net income of 250 million, depreciation of 90 million, capital expenditures of 1H] million, and an increase in working capital of 4D million. I Phaneuf will finance 4U percent of the increase in net fixed assets [capital expenditures less depreciation} and 40 percent of the increase in working capital with debt financing. I Interest expenses are 15D million. The current market value of Phaneuf's outstanding debt is 1,8 million