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Assume that it is January 1, 2019. As the manager of the Landmark Industrial ETF you are considering adding Plymouth Hydraulic Fittings, Inc. common stock

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Assume that it is January 1, 2019. As the manager of the Landmark Industrial ETF you are considering adding Plymouth Hydraulic Fittings, Inc. common stock to the portfolio. In a recent conference call, the CFO of Plymouth discussed the company's current forecast for the various pieces of financial information presented in the table below. However, the CFO suggested that potential changes in operations could lead to a modification in the forecasts such that inventories for 2019 would be $420 while net fixed assets for 2019 would be $520. If these changes were made, what would be the revised estimate for the firm's 2019 FCF? (Hint: What is the formula for Free Cash Flow?) Plymouth Hydraulic Fittings, Inc. Forecast Forecast 2021 Net sales Cash Accounts receivable Inventories Net foed assets Accts.pay. & accruals Op. costs (excl. depr.) Depreciation EBIT Actual 2018 $2,000.00 $20.00 $280.00 $400.00 $500.00 $80.00 $1,800.00 $50.00 $150.00 $90.00 $620.00 $1,120.00 Forecast 2019 $2,200.00 $22.00 $308.00 $440,00 $550.00 $88.00 $1,980,00 $55.00 $165.00 $99.00 $682.00 $1,232.00 -$13.00 2020 $2,376.00 $23.76 $332.64 $475.20 $594.00 $95.04 $2.138.40 $59.40 $178.20 $106.92 $736.56 $1,330,56 $8.36 $2,494.80 $24.95 $349.27 $498.96 $623.70 $99.79 $2,245.32 $62.37 $187.11 $112.27 $773.39 $1,397.09 $45.74 Forecast 2022 $2,619.54 $26.20 $366.74 $523.91 $654.89 $104.78 $2,357.59 $65.49 $196.47 $117.88 $812.06 $1,466.94 $48.02 NOPAT NOWC Total op. capital FCF Select one: a$ 41 mil. b. $ 7 mil

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