D Question 13 4 pts Using the following Exam Financial Statements.doc if FCFF in 2019 was $56,42 million, what was FCFE? Thicome statementumue year ending December (Millions of dollars except for per share data) 2018 2019 Net Sales 800.00 848.00 Cost of Goods Sold 576.00 610.56 Depreciation 60.00 63.68 Earnings before interest and taxes 164.00 173.76 Interest expense 22.24 22.24 Earnings before taxes 141.76 151.52 Taxes (40%) 56.70 60.61 Net income 85.06 90.91 Preferred dividends 6.00 7.40 Net income after pref divds 79.06 83.51 Common dividends 49.46 53.91 Addition to retained earnings 29.60 29.60 Number of shares outstanding 10.00 10.00 Balance Sheet for December 31 (millions of dollar) 2018 2019 ssets Cash 88.32 92.00 Accounts receivable 84.80 89.92 Inventories 169.60 179.84 Total current assets 342.72 361.76 Gross Plant and Equipment 689.92 789.60 Accumulated Depreciation 89.92 153.60 Net Plant and Equipment 600.00 636.00 Total assets 942.72 997.76 Liabilities Accounts payable 15.36 17.92 Notes payable 111.84 118.56 Accruals 44.00 44.96 Total current liabilities 171.20 181.44 Long-term bonds 225.28 237.12 Preferred Stock 56.00 59.36 Common Stock 256.00 256.00 Retained earnings 234.24 263.84 Common equity 490.24 $19.84 Total Liabilities and equity 942.72 997.76