A firm operating at a debt level below optimal reported and projected the following financial information for the two years ended 2016 and 2017 respectively: The Company plans to increase its debt...

A firm operating at a debt level below optimal reported and projected the following financial information for the two years ended 2016 and 2017 respectively:

The Company plans to increase its debt ratio to 35% by 2018. To reach this target it plans to finance 40% of its CAPEX and working capital (WC) needs between 2016 and 2019 with debt. Calculate the FCFE for 2016 and the projected FCFE for 2017 for the firm.