Delta Industries is an all-equity firm, and it has 50 million outstanding shares.The following projected free cash flow to the equity holders (FCFE) for the next four years ($ millions) Yea1 Year 2
(a) Year 1: $10 million, Year 2: $12 million, Year 3: $15 million, Year 4: $18 million
(b) Year 1: $12 million, Year 2: $15 million, Year 3: $18 million, Year 4: $20 million
(c) Year 1: $8 million, Year 2: $10 million, Year 3: $12 million, Year 4: $14 million
(d) Year 1: $15 million, Year 2: $20 million, Year 3: $25 million, Year 4: $30 million