Free cash flows are
a. liquid financial assets for which investments in current businesses are no longer economically viable.
b. liquid financial assets that for tax purposes must be reinvested in the firm if not distributed as dividends to shareholders.
c. the profits resulting after a restructured firm has been sold.
d. dividends that have been distributed to shareholders that are taxed as capital gains.
Answer: liquid financial assets for which investments in current businesses are no longer economically viable.