3. Compute the free cash flow for VVV in 2019. GGM Income Statement (Dollar millions) 2018 2019 Revenues 6,710 8.314 Cost of Sales 5,688 6,820 Gross Profit 1.022 1,494 SG&A 497 588 Depreciation 199 265 Operating Profit 326 641 Net interest 72 83 Other income 12 44 Profit before Tax 266 602 Income Taxes 94 223 Net Income 172 379 VVV LTD Income Statement (Dollar millions) 2018 Revenues 3.290 Cost of Sales 2.518 Gross Profit 772 SG&A 312 Depreciation 127 Operating Profit 333 Net interest 63 Other income 16 JProfit before Tax 286 Income Taxes 75 Net Income 211 2019 3.881 2,970 911 341 135 435 64 147 518 148 370 Balance Sheet Accounts Rec Inventory Other Current Assets 1.737 1.2471 993 1.187 290 268 216 298 3.236 3,000 Balance Sheet Accounts Rec 1.289 Inventory 595 Other Current Assets 0 Cash 27 Total Current Assets 1.911 1.544 599 461 27 2,631 Cash Total Current Assets 286 Prop Plant & Eq Other LT Assets Total LT Assets 826 689 89 481 915 1.1701 Prop Plant & Eq Other LT Assets Total LT Assets 272 891 1,163 730 Total Assets 4,151 4.170 Total Assets 3,074 3:361 58 508 ST Loans Accounts Payable Other Current Liabilities Total Current Liabilities 392 183 1.104 1.667 1 192 1,497 2,042 ST Loans Accounts Payable Other Current Liabilities Total Current Liabilities 9 560 219 788 57 622 LT Loans Other LT Liabilities Total LT Liabilities 183 174 1 42 LT Loans Other LT Liabilities Total LT Liabilities 432 193 625 347 168 S15 357 Lom Equity 2.297 2,085 Com Equity 1.826 2.058 Total Liabilities & Equity 4,151 4.170 Total Liabilities & Eq 3,074 3.361 Additional Information GGMshare price GGM shares issued Beta GGM shares GGM Debt rating 150.00 46 million 1.19 A T-Bill rate 10-Year T-Bond AAA AA A BBB BB B CCC 0.50% 2.40% 3.24% 3.40% 3.70% 4.25% 5.25% 6.40% 9.50%