Use the data below to answer the following question: What will be FCFE in year 1 for ABC Corp? ABC Corp. Year o Cash & equivalents $40 million Interest expense $7.2 million Capital Expenditures per share $2.4 Working Capital Investment per share $1.7 Market Value of Equity per share $56 Target debt ratio 30% Cost of equity (CAPM) 12% Depreciation (per share) $1.8 Tax rate 37.5% Net Income (earnings) per share$5 Shares outstanding 5 million Earnings, capex, depreciation and working capital will all grow at 5% in the future. O $3.56 O $4.31 O $4.53 O $4.65 Use the data below to answer the following question: What will be FCFE in year 1 for ABC Corp? ABC Corp. Year o Cash & equivalents $40 million Interest expense $7.2 million Capital Expenditures per share $2.4 Working Capital Investment per share $1.7 Market Value of Equity per share $56 Target debt ratio 30% Cost of equity (CAPM) 12% Depreciation (per share) $1.8 Tax rate 37.5% Net Income (earnings) per share$5 Shares outstanding 5 million Earnings, capex, depreciation and working capital will all grow at 5% in the future. O $3.56 O $4.31 O $4.53 O $4.65