Due Today at 11 59 PM CDT suppose you are the only owner of a chain of coffee shops near universities. Your current cafes are doing well, but you are interested in starting a fine-dining restaurant. You decide to use the cash generated from your existing business to enter into a new business. Your accountant provides you with the following data on your current financial performance: Financial update as of June 15 Your existing business generates $87,000 in EBIT. The corporate tax rate applicable to your business is 35%. The depreciation expense reported in the financial statements is $16,571. You don't need to spend any money for new equipment in your existing cafes, however, you do need $13,050 of additional cash. You also need to purchase $6,960 in additional supplies-such as cloth tabledothes and napkins, and more formal tableware-on credit. It is also estimated that your accruals, including taxes and wages payable, will increase by $4,350. in free cash flow. Based on your evaluation you have Can a company have negative free cash flow? Q No ts O T F3 F4 F5 F6 F7 F8 F1