Quantitative Problem: Rosnan Industries' 2013 and 2012 balance sheets and income statements are shown below.

Balance Sheets:
	2013	2012
Cash and equivalents	$100	$85
Accounts receivable	275	300
Inventories	375	250
Total current assets	$750	$635
Net plant and equipment	2,300	1,490
Total assets	$3,050	$2,125
Accounts payable	$150	$85
Accruals	75	50
Notes payable	150	75
Total current liabilities	$375	$210
Long-term debt	450	290
Common stock	1,225	1,225
Retained earnings	1,000	400
Total liabilities and equity	$3,050	$2,125

Income Statements:
	2013	2012
Sales	$2,200	$1,500
Operating costs excluding depreciation	1,250	1,000
EBITDA	$950	$500
Depreciation and amortization	100	75
EBIT	$850	$425
Interest	62	45
EBT	$788	$380
Taxes (40%)	315	152
Net income	$473	$228
Dividends paid	$53	$48
Addition to retained earnings	$600	$180
Shares outstanding	100	100
Price	$25.00	$22.50
WACC	10.00%

The balance in the firm's cash and equivalents account is needed for operations and is not considered "excess" cash.

Using the financial statements given above, what is Rosnan's 2013 free cash flow (FCF)? Use a minus sign to indicate a negative FCF. $