Balance Sheets 2019 Income Statements Assets Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities. Long-term debt Total liabilities Common stock Retained earnings Common equity Total liabilities and equity Sales $2,275 $1,300 1,250 1,000 Operating costs excluding depreciation and amortization EBITDA $1,025 $300 Depreciation and amortization 100 75 EBIT $925 $225 Interest. 63 46 EBT $862 $179 Taxes (25%) 216 45 Net income $647 $134 Dividends paid $54 $48 Addition to retained earnings $600 $86.25 Shares outstanding 100 100 Price $22.50 $25.00 10.00% WACC The balance in the firm's cash and equivalents account is needed for operations and is not considered "excess" cash. Using the financial statements given above, what is Rosnan's 2019 free cash flow (FCF)? Use a minus sign to indicate a negative FCF. Round your answer to the nearest cent. S -347.50 $100 275 375 $750 2,300 $3,050 $150 75 150 $375 450 825 1,225 1,000 2,225 $3,050 2018 2019 $85 300 250 $635 1,490 $2,125 $85 50 75 $210 290 500 1,225 400 1,625 $2,125 2018