A firm reported Net Income of million. During the year, it had Depreciation of million, an increase in Accounts Receivable of , a decrease in Inventory of , an increase in Accounts Payable of , and Capital Expenditures of million. It also issued million

A firm reported Net Income of $\$ 10$ million. During the year, it had Depreciation of $\$ 2$ million, an increase in Accounts Receivable of $\$ 500,000$, a decrease in Inventory of $\$ 300,000$, an increase in Accounts Payable of $\$ 400,000$, and Capital Expenditures of $\$ 3$ million. It also issued $\$ 1$ million in new long-term debt and repaid $\$ 2$ million of existing debt. Interest expense was $\$ 1$ million, and the tax rate was $25 \%$. Calculate both the Free Cash Flow to the Firm (FCFF) and the Free Cash Flow to Equity (FCFE) for the year.