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Below is information from the statement of cash flow and income statement for Garland Products, Inc. for 2012 and 2011. Marketable securities represent investments of excess cash that Garland Products does not need for operations. Garland Products' tax rate is 35%.

Cash Flow Statement
(in thousands)
	12/30/2012	12/30/2011
Cash from operations
Net cash provided by operations	106,484	113,880
Cash from investments
(Increase) decrease in property & plant	-31,536	-47,960
Acquisition (disposition) of subsidiaries or other business	-702	-19
Increase (decrease) in marketable securities	-18,825	380,737
Net cash provided by (used in) investing	-51,063	332,758
Cash from financing
Issuances (purchases) of equity shares	-370	-434,570
Issuances (repayment) of debt	-	-
Increase (decrease) in bank, or other borrowings	-25,000	25,000
Dividends, other distributions	-29,377	-37,202
Net cash provided by (used in) financing	-54,747	-446,772
Net change cash & cash equivalents	674	-134
Cash and cash equivalents at start of year	3,255	3,389
Cash and cash equivalents at year end	3,929	3,255
Interest Revenue	50	35
Interest Paid	394	1400

a. (7 points) Using the above information calculate the amount of free cash flows to all debt and equity capital stakeholders for Garland Products for year 2012

b.(7 points) Using the above information calculate the amount of free cash flows for common equity shareholders for Garland Products for year 2012.

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