Financial update as of June 15 - Your existing business generates $147,000 in E8IT. - The corporate tax rate applicable to your business is 35%. - The depreaation expense reported in the financal statements is $28,000. - You dont need to spend any money for new equipment in your existing cafs; however, you do need $22,050 of additional cash. - You also need to purchase $11,760 in additional suppliessuch as doth, tabledothes and napkins, and more formal tablewareon credit. - It is also estimated that your accuals, induding taxes and wages payable, will increase by $7,350. Based on your evaluation you have in free cash flow. Free cath flow can be used for various reasons, induding distributing it to stockholders and debtholders. Which of the following is not a use of free cash flow? Acquiring operating assets Repurchasing common stock