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QUESTION 31 A firm is already has a factory that can be used for a project. If the factory can be leased at $500,000 per year. The annual opportunity cost of the property for the project is . We assume the corporate tax rate is 40%. $200,000 $300,000 $500,000 QUESTION 32 A firm's free cash flow in 2022 (FCFo) was $180 million, and expect its free cash flow has a constant growth rate at 6%. If the weight average cost of capital (WACC) for the firm is 10%, what's the estimated value for the firm's operating assets? $4,770 millions $3,600 millions $3,780 millions $5,980 millions QUESTION 33 A firm expects to have net income of $5,000,000 during the next year. The company's target capital structure is 35% debt and 65% equity. The company's director of capital budgeting has determined that the optimal capital budget for the coming year is $6,000,000. If SL Computer follows a residual distribution policy (with all distributions in the form of dividends) to determine the coming year's dividend, then what is the firm's expected dividend payments? $1, 100,000 $3,900,000 $5,000,000 $6,000,000