Calculate free cash flow for 2014 for Monarch Textiles. Assume all current liabilities are non-interest bearing liabilities and that no fixed assets were dsiposed of during 2014.

Formula in book: Free Cash Flow = EBIT(1-Tax rate) + Depreciation Cap Expend. Working Capital Invest.

I know that EBIT = $250

Tax rate = .4

Depreciation = 50

Capital Expenditures??

Working Capital Invested???

I have seen answers ranging from -20 - 450! So please someone help, with the right answer!

Monarch Textiles, Inc. (S thousands) Income statement Selected balance sheet items 2014 1,100 700 100 50 50 200 80 120 2013 2014 Sales Cost of sales Operating expenses Depreciation Interest expense Earnings before taxes Tax Net income Current assets Net fixed assets 300 400 100 200 Current liabilities 200 280