counta Your existing business generates $111,000 in EBIT. Financial update as of June 15 The corporate tax rate applicable to your business is 25%. The depreciation expense reported in the financial statements is $21,143. You don't need to spend any money for new equipment in your existing cafs; however, you do need $16,650 of additional cash. You also need to purchase $8,880 in additional supplies-such as tableclothes and napkins, and more formal tableware-on credit. It is also estimated that your accruals, including taxes and wages payable, will increase by $5,550. sed on your evaluation you have na company have negative free cash flow? in free cash flow. Yes O No