mework FREE CASH FLOw Financial information for Powell Panther Corporation is shown below: Powell Panther Corporation: Income Statements for Year Ending December 31 (Millions 2016 2015 Sales Operating costs excluding depreciation and amortization EBITDA Depreciation and amortization Earnings before interest and taxes (EBIT) $2,420.0 $2,200.0 1997.0 1870.0 $423.0 $330.0 80.0 64.0 $343.0 $266.0 53.0 48. $290.0 $218.0 Interest Earnings before taxes (EBT) Taxes (40%) 116.0 Net income S174.0 $130.8 Common dividends $157.0 $105.0 Powell Panther Corporation: Balance Sheets as of December 31 (Millions of Dollars) 2016 2015