Ch 03: Homework Problems Financial Statements, Cash Flow, and Taxes Long-term debt Total liabilities Common stock Retained earnings Common equity Total liabilities and equity 450 290 825 500 1,225 1,225 1,000 400 2,225 1,625 $3,050 $2,125 Income Statements 2019 2018 Sales $2,060 $1,560) Operating costs excluding depreciation and 1,250 1,000 amortization EBITDA Depreciation and amortization EBIT $710 Interest EBT Taxes (25%) Net income $810 $560 100 75 $485 63 46 5647 $439 162 110 $485 $329 Dividends paid $54 $48 Addition to retained earnings $600 $281.25 Shares outstanding Price WACC 100 $25.00) 10.00% 100 $22.50 The balance in the firm's cash and equivalents account is needed for operations and is not considered "excess cash 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