Financial update as of June $15$

Your existing business generates $$123,000$ in EBIT.

The corporate tax rate applicable to your business is $25\%.$

The depreciation expense reported in the financial statements is $$23,429.$

You don't need to spend any money for new equipment in your existing caf$$s; however, you do need $$18,450$ of additional cash.

You also need to purchase $$9,840$ 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 $$6,150.$

Based on your evaluation you have $$ in free cash flow PICK ONE OF THESE ANSWERS:

$103,379$

$111,989$

$14,642,918,450$

$152,579$