Suppose a firm has reported the following financial information for the years 2016 and 2017: The firm wants to increase this debt ratio to 40% which it considers optimal. To achieve this target it...

Suppose a firm has reported the following financial information for the years 2016 and 2017:

The firm wants to increase this debt ratio to 40% which it considers optimal. To achieve this target it plans to finance 60% of its CAPEX and working capital (WC) needs with debt between 2016 and 2020.

Determine the FCFE of the firm for the year 2016.