Please answer stating the formula needed to solve the answer and show your work (not using excel formulas). Thank you!

26) Below is some information about Starbucks Corporation from last years financial statements. What was their firm free cash flow that year (in 000s)?

1. $ 808,260
2. $ 958,260
3. $ 1,058,260
4. $ 1,328,260
5. $ 1,518,260

Starbucks Corporation (in 000s)

Earnings Before Interest and Taxes Net Borrowings

Depreciation & Amortization Dividends Paid

Capital Expenditures Effective Tax Rate

Change in Working Capital

3,223,800 748,500 748,400 783,100

1,160,900 30% 1,035,900

Suppose there is a Treasury note with exactly 2 years left to maturity, a 5% coupon, par of 100, and a 2% yield-to-maturity? (Recall that Treasury notes pay semi-annual coupons.) Answer the following questions.

24) What is the price of this Treasury note?

1. $99.85
2. $101.85
3. $105.85
4. $107.85
5. $110.85

25) What is the annual modified duration of this T-note?

1. 1.893
2. 1.911
3. 1.943
4. 2.963
5. 3.828