Intro Snowman Beverages has 200 million shares outstanding, trading at $58 per share. Selected information from its financial statements are given below (in millions of dollars). Year Sales - Operating expenses - Depreciation EBIT - Interest expenses Taxable income - Taxes Net income Capital expenditure Net working capital Total debt Part 1 What was the free cash flow in 2023? -8.36 Correct Average tax rate: 128 t = 401 = 0.3192 Free cash flow: 2022 2023 3,086 3,549 2,160 2,484 463 532 463 533 120 132 343 401 110 128 233 273 740 820 -68 40 3,000 3,500 Attempt 3/99 for 10 pts.