Can you help me with this question? Can you calculate Free cash flows for Dropbox Inc. for the past $5$ years? Using the Statement of Cash Flows, create a measure of past FCFs from operations $($FCFO$).$ Consider calculating unlevered FCFOs $($with interest expense added back$)$ as it could be argued that interest reflects the choice of capital structure and is not part of the operating activities of the firm $($notwithstanding the tax shield interest payments provide$).$

From FCFOs deduct FCFs from investing activities $($FCFI$)$ to the extent that they relate

to capital expenditures required to operate the business. Consider whether the capital

expenditures reflect normal replacement of plant, property and equipment $($PP&E$)$

through wear and tear $($to maintain assets in place$)$ or whether the expenditure

reflects a decision to invest in new PP&E$,$ that is$,$ to invest in growth opportunities. You may choose to use total depreciation expense as a proxy for steady$-$state capital

expenditure required to maintain existing assets.

With your estimate of FCFOs and FCFIs, identify and quantify how remaining FCFs

were allocated by the firm including:

Dividends

Share repurchases

Capital structure changes $($retirement or issuance of debt$)$

Retained earnings $/$ cash balances

Investing in new PP&E$,$ aqusitions