Calculate the firms free-cash-flow (FCF) for Cisco during 2020 and explain the meaning of your calculated FCF for Cisco investors.

Cisco Inc. Cash Equivalents Trade Receivables Account Receivables Inventories Prepaid Expenses 2020 2019 $37,580 $34,374 34,895 32,016 1,255 983 -7 -7 132 145 Net Property Plant Intangible Assets Total Assets 2020 2019 Cisco Inc. $438 $455 Net Sales 446 690 Cost of Sales 1,684 1,497 Selling & Admin Expense 3,274 2,817 Interest Income 379 145 Interest Expense Other non-operating 5,130 4,053 expense 12,605 2,520 Income Before Taxes $23,956 $12,177 Income Taxes Net Income 141 0 1,806 1,359 1,207 1,138 643 513 7,535 1,895 3,720 1,039 53 $1,252 396 $856 -20 $1,257 409 $848 Short-term Debt Account Payables Accruals Unearned Revenue Long-term Debt Non-Operating Liabilities Common stock par value and Paid In capital Retained Earnings Treasury Stock Total Equity Total Liabilities + Total Equity 4,299 2,331 5,626 4,923 -1,021 -1,021 8,904 6,233 $23,956 $12,177 Cisco Inc. Cash Equivalents Trade Receivables Account Receivables Inventories Prepaid Expenses 2020 2019 $37,580 $34,374 34,895 32,016 1,255 983 -7 -7 132 145 Net Property Plant Intangible Assets Total Assets 2020 2019 Cisco Inc. $438 $455 Net Sales 446 690 Cost of Sales 1,684 1,497 Selling & Admin Expense 3,274 2,817 Interest Income 379 145 Interest Expense Other non-operating 5,130 4,053 expense 12,605 2,520 Income Before Taxes $23,956 $12,177 Income Taxes Net Income 141 0 1,806 1,359 1,207 1,138 643 513 7,535 1,895 3,720 1,039 53 $1,252 396 $856 -20 $1,257 409 $848 Short-term Debt Account Payables Accruals Unearned Revenue Long-term Debt Non-Operating Liabilities Common stock par value and Paid In capital Retained Earnings Treasury Stock Total Equity Total Liabilities + Total Equity 4,299 2,331 5,626 4,923 -1,021 -1,021 8,904 6,233 $23,956 $12,177