Cheddar Docker is preparing a presentation that analyzes the valuation of the common stock of Cheavy Corporation. Docker has prepared preliminary valuations of Cheasy using a FCFF model. Cheasy's 2018 and 2018 financial statements, contained in Exhibits 1 and 2. are prepared in accordance with US GAAP (in millions) Exhibit 1. Cheasy Corporate Partial Consolidated Balance Sheet (As of December 31) 2019 2018 Assets Current assets 322 Cash and cash equivalents Accounts receivable 442 742 785 Inventories 704 769 Total current assets Gross fixed assets 3,757 3,349 Total assets I Gross fixed assets Total assets 3,757 3349 Liabilities and shareholders' equity Current liabilities Accounts payable Accrued taxes and expenses 432 416 115 122 Notes payable 412 415 Total current liabilities Long-term debt 1,669 1,599 Common stock 574 509 Retained earnings Total liabilities and shareholders' equity Exhibit 2. Cheasy Corporation Consolidated Income Statement for the Year Ended 31 December 2019 (US$ Milic 3.442 Total revenues 1,098 Cost of goods sold MacBook Air Exhibit 2. Cheavy Corporation Comolidated Income Statement for the Year Ended 31 December 2017 USS Mit Total revenue 746 Cost of oods sold Selling general, and administrative expenses Earnings before interest, taxes, depreciation, and amortiration (EBITDA) Depreciation expense Operating income 224 Interest expense 185 Pretax income Income tax (at 31 percent) Net income Your task is to calculate the FCFF. Write your answer in decimal form and round it to two decimal places. Your answer will be in millions, for example - If you get 234.24, you can write 234.24 - but in fact, it is 234.24 "millions". Hint: To get the balance sheet data, remember that assets are equal to liabilities plus shareholders' equity