Given the following Financial Information Answer the following question:

	2017	2018
Cash	1,000	270,396
Accounts Receivable	6,000	6,600
Inventory	4,000	4,400
Prepaid Assets	3,000	3,300
Other Assets	1,000	1,100
Total Current Assets	15,000	285,796
Net PPE	90,000	73,000
Intangibles	6,000	6,000
Total Assets	111,000	364,796
Accounts Payable	2,000	2,200
Salary Payable	2,000	2,200
Notes Payable	9,000	9,000
Total Current Liabilities	13,000	13,400
Long-Term Debt	20,000	20,000
Total Liabilities	33,000	33,400
Common Stock	90,000	90,000
Retained Earnings	-12,000	241,396
total equity	78,000	331,396

	2018
Sales	1,326,000
COGS	769,080
Gross Profit	556,920
SG&A	11,000
Other Operating Expenses	15,000
Depreciation	9,000
Interest	2,461
Taxes	166,465
Net Income	361,995
dividends	108,598

Calculate Operating Cash Flow (OCF) given a tax rate of 31.50%:

a. $374,050.20

b.$366,515.20

c. $383,515.20

d. $360,350.20

--

2)

Given the following Financial Information Answer the following question:

	2017	2018
Cash	1,000	351,950
Accounts Receivable	5,000	5,500
Inventory	4,000	4,400
Prepaid Assets	9,000	9,900
Other Assets	7,000	7,700
Total Current Assets	26,000	379,450
Net PPE	70,000	21,000
Intangibles	4,000	4,000
Total Assets	100,000	404,450
Accounts Payable	7,000	7,700
Salary Payable	9,000	9,900
Notes Payable	9,000	9,000
Total Current Liabilities	25,000	26,600
Long-Term Debt	50,000	50,000
Total Liabilities	75,000	76,600
Common Stock	100,000	100,000
Retained Earnings	-75,000	227,850
total equity	25,000	327,850

	2018
Sales	669,000
COGS	107,040
Gross Profit	561,960
SG&A	21,000
Other Operating Expenses	14,000
Depreciation	7,000
Interest	2,862
Taxes	191,296
Net Income	332,802
dividends	29,952

Calculate Free Cash Flow, given that CAPEX is $-49,000.00:

a.$34,324.81

b.$733,579.39

c.$29,879.81

d.$738,024.39