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From the following information on the income statement and the balance sheet, what is free cash flow to the firm (FCFF) in 2019? Assume that

From the following information on the income statement and the balance sheet, what is free cash flow to the firm (FCFF) in 2019?

Assume that the tax rate is 0.3.

Income Statement

Items

2018

2019

Revenue

2,532

3,055

Cost of goods sold

1,014

1,296

SG&A expense

309

360

Depreciation

405

505

Interest expense

103

158

Balance Sheet

Items 2018 2019
Cash 160 307
Accounts receivable 455 908
Inventory 908 1,202
PP&E 9,085 12,783
Accumulated Dep 4,230 5,739
Accounts payable 610 657
Short-term debt 301 507
Long-term debt 3,028 3,414
Common stock 1,800 1,800
Retained earnings x x

two decimals, round up

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