Chemex Has a Cash and Marketable Securities Balance of $200

Multiple Choice

Chemex has a cash and marketable securities balance of $200 million. Management expects free cash flows of $320 million during the coming year. If management is considering a restructuring of its capital structure that would add an additional $350 million of annual fixed financial charges, what is the expected cash balance at the end of the year?

A) -$30 million
B) $170 million
C) $230 million
D) $470 million