Graffiti Advertising, Incorporated, reported the following financial statements for the last two years. Unfortunately, some information on the Income statement was missing due to a recent flood. Sales 2022 Income Statement Costs of goods sold Selling & administrative Depreciation EBIT Interest Pre-tax Income Income Taxes Net income $ 574,700 273,930 124,714 54,557 $ 121,499 19,714 $ 101,785 Cash Accounts receivable Inventory Current assets Net fixed assets Total assets Cash Accounts receivable Inventory Current assets Net fixed assets Total assets GRAFFITI ADVERTISING, INCORPORATED Balance Sheet as of December 31, 2021 $ 13,510 Accounts payable 18,975 Notes payable Current liabilities Long-term debt 13,813 Owners' equity $46,298 $344,996 $ 391,294 Total liabilities and owners' equity GRAFFITI ADVERTISING, INCORPORATED Balance Sheet as of December 31, 2022 $ 14,496 Accounts payable 21,080 Notes payable 22,773 $ 58,349 Current liabilities Long-term debt $ 406,292 Owners' equity $464,641 Total liabilities and owners' equity $ 9,485 14,489 $ 23,974 $ 135,280 $ 232,040 $ 391,294 $ 10,531 16,485 $ 27,016 $ 153,900 $283,725 $ 464,641 1. How much income taxes Graffiti have to pay in 2022? (please round your answer to the nearest dollar) [1 pt] 2. What is the net income in 2022? (please round your answer to the nearest dollar) [1 pt] $ 3. Please calculate the free cash flow of Graffiti. (please round your answer to the nearest dollar)[4 pts] a. Operating cash flow b. Net capital spending c. Change in net working capital d. Free cash flow 4. Assume Graffiti pays $ 61,071 as dividends, what is the payout ratio? [2 pts] % (please round it to two decimal places) 5. What is the return on equity in 2022? [2 pts] % (please round it to two decimal places) Bonus: Graffiti currently has 100,000 shares outstanding and the average PE ratio is 24, what would be the stock price per share? [2 pts] (please round it to two decimal places)