Ch 03: Blueprint Problems - Financial Statements, Cash Flow, and Taxes and high-growth companies-with large capital investments. Quantitative Problem: Rosnan Industries' 2019 and 2018 balance sheets and income statements are shown below. Balance Sheets 2019 2018 $100 275 375 $85 300 250 $635 1,490 $2,125 $750 2,300 $3,050 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 $150 75 150 $85 50 75 $375 450 825 1,225 1,000 2,225 $3,050 $210 290 500 1,225 400 1,625 $2,125 ho Income Statements 2019 $2,220 1,250 2018 $1,470 1,000 Sales Operating costs excluding depreciation and amortization EBITDA Depreciation and amortization $970 $470 10075 Q Search ti Ch 03: Blueprint Problems - Financial Statements, Cash Flow, and Taxes Income Statements 2018 2019 $2,220 1,250 $1.470 1,000 Sales Operating costs excluding depreciation and amortization EBITDA Depreciation and amortization EBIT Interest $970 100 $870 63 $807 202 $605 $470 75 $395 46 $349 87 $262 EBT Taxes (25%) Net income Dividends paid Addition to retained earnings $54 $600 $48 $213.75 100 $22.50 Shares outstanding 100 Price $25.00 WACC 10.00% The balance in the firm's cash and equivalents account is needed for operations and is not Ensidered "excess" cash. broidered 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. $