Fey enterprises recorded a restructuring charge of $16.2 million during fiscal 2016 related entirely to the closing of its division located in denver, colorado. the company's financial statement footnotes indicated that expected employee separation payments amounted to $12.6 million and that fixed asset write-downs accounted for the remainder. nickolas had never before incurred restructuring charges. at the end of the year, the company's balance sheet included a restructuring accrual of $2,700,000.
the cash flow effect of fey enterprises' restructuring during fiscal 2016 is:
(a) $-0- (there was no cash flow effect in 2016)
(b) $13,200,000
(c) $16,800,000
(d) $ 9,900,000
(e) $21,600,000