Item at position 9

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

Assume that the tax rate is 0.4.

Income Statement

Items	2018	2019
Revenue	2,571	3,064
Cost of goods sold	1,039	1,266
SG&A expense	303	350
Depreciation	410	509
Interest expense	100	152

Balance Sheet

Items	2018	2019
Cash	159	300
Accounts receivable	452	908
Inventory	910	1,210
PP&E	9,010	12,002
Accumulated Dep	4,219	5,761
Accounts payable	606	654
Short-term debt	309	502
Long-term debt	3,052	3,401
Common stock	1,800	1,800
Retained earnings	x	x