Below is a recent income statement for Hegel Publishing. Net sales $8,000 Cost of sales (including depreciation of $800) 4,700 Gross profit 3,300 Selling and admin, expenses (including interest expense of $570) 1,500 Income before tax 1,800 Tax 612 Income after tax $1,188 Calculate Hegel's free cash flow in this year assuming it spent $510 on new capital equipment and increased current assets net of noninter- est-bearing current liabilities $340.

AppendixLO1