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Balance Sheets as of December 31 2014 2013 Current Assets 1,050,000 787,500 Net Plant and Equipment 2,450,000 2,362,500 Total Assets 3,500,000 3,150,000 Accounts Payable 175,000
Balance Sheets as of December 31 | 2014 | 2013 | |
Current Assets | 1,050,000 | 787,500 | |
Net Plant and Equipment | 2,450,000 | 2,362,500 | |
Total Assets | 3,500,000 | 3,150,000 | |
Accounts Payable | 175,000 | 189,000 | |
Notes Payable | 245,000 | 94,500 | |
Accruals | 105,000 | 220,500 | |
Long-Term Bonds | 910,000 | 756,000 | |
Total Common Equity | 2,065,000 | 1,890,000 | |
Total Liabilities & Equity | 3,500,000 | 3,150,000 | |
Income Statement | 2014 | ||
Earnings before interest and taxes | 1,050,000.0 | ||
Depreciation and Amortization | 122,500.0 | ||
Interest | 91,000.0 | ||
Taxes 40% | 383,600.0 | ||
Net Income | 575,400.0 | ||
Other Information | 2014 | ||
WACC | 17.00% | ||
Number of shares outstanding | 70,000 | ||
Price per share | $22.13 |
What was 2014 free cash flow?
Please show work and explain. Thanks
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