Examine Cisco's consolidated statement of cash flows (on the disk that accompanies this book) and transform this into a free cash flow.

CISCO CONSOLIDATED STATEMENT OF CASH FLOWS
Period Ending	27-Jul-12	29-Jul-11	30-Jul-10
Net Income	8,041,000	6,490,000	7,767,000
Operating Activities, Cash Flows Provided By or Used In
Depreciation	2,602,000	2,486,000	2,030,000
Adjustments To Net Income	1,046,000	1,268,000	718,000
Changes In Accounts Receivables	-574,000	-1,318,000	-2,524,000
Changes In Liabilities	1,337,000	1,025,000	2,438,000
Changes In Inventories	-287,000	-147,000	-158,000
Changes In Other Operating Activities	-674,000	275,000	-98,000
Total Cash Flow From Operating Activities	11,491,000	10,079,000	10,173,000	#NAME?
Investing Activities, Cash Flows Provided By or Used In
Purchases of investments	-41,810,000	-37,130,000	-48,690,000
Proceeds from sales of investments	27,365,000	17,538,000	19,300,000
Proceeds from maturities of investments	12,103,000	18,117,000	23,697,000
Acquisitions of property and equipment	-1,126,000	-1,174,000	-1,008,000
Acquistions of businesses, net of cash and cash equivalents acquired	-375,000	-266,000	-5,279,000
Purchases of investments in privately held companies	-380,000	-204,000	-137,000
Return of investments in privately held companies	242,000	163,000	58,000
Other	166,000	22,000	128,000
	-3,815,000	-2,934,000	-11,931,000	#NAME?
Financing Activities, Cash Flows Provided By or Used In
Dividends Paid	-1,501,000	-658,000	-
Sale Purchase of Stock	-3,388,000	-5,065,000	-4,586,000
Net Borrowings	-557,000	1,508,000	4,985,000
Other Cash Flows from Financing Activities	-93,000	151,000	222,000
Total Cash Flows From Financing Activities	-5,539,000	-4,064,000	621,000	#NAME?
Effect Of Exchange Rate Changes	-	-	-
Change In Cash and Cash Equivalents	2,137,000	3,081,000	-1,137,000	#NAME?
Net interest paid	681,000	777,000	692,000
Tax rate	20.85%	17.06%	17.50%
After-tax net interest