Ch 2-6. FCF Given TCM Petroleum Sales 12-14 12-15 $12,211.00 $13,368.00 (9,755.00 (704.00) (794.00) 958.00 Cost of Goods Sold Gross Profit 10,591.00) 2,777.00 2,456.00 (698.00) Selling, General, & Administrative Expense Operating Income Before Deprec. 1,752.00 2,079.00 Depreciation, Depletion, & Amortization (871.00) Operating Profit (NOI) 1,208.00 (265.00) (295.0) Interest Expense Non-Operating Income/Expense Special Items 151.00 139.00 20.00 852.00 (340.80) Pretax Income 1,064.00 Total Income Taxes (425.60) Net Income Purchase of PP&E (CAPEX) Increase in Net Working Capital TCM's average tax rate 875 1,322 102 (430) 40% 40 Calculate the FCF for 2014 and 2015