Answer: See explanation
Explanation:
You didn't give a complete question as there are no figures attached but I saw a question online which I think is the complete question. Below are the answers:
1. After tax interest in 2010
= (1 - t) × Interest
= (1 - 40%) × 120,000,000
= (1 - 0.4) × 120,000,000
= 0.6 × 120,000,000
= $72,000,000
After tax interest in 2009
= (1 - t) × Interest
= (1 - 40%) × 100,000,000
= (1 - 0.4) × 100,000,000
= 0.6 × 100,000,000
= $60,000,000
2. Net debt repayment in 2010
= (1,000,000,000 + 200,000,000) - (1,100,000,000 + 384,000,000)
= 1,200,000,000 - 1,484,000,000
= -284,000,000.
3. The RCF used for common dividend in 2009 = $200,000,000
The RCF used for common dividend in 2009 = $220,000,000
4. Net stock repurchase 2010
= $110,000,000 - $100,000,000
= $10,000,000
