Quantitative Problem: Rosnan Industries' 2019 and 2018 balance sheets and income statements are shown below. Balance Sheets 2019 2018 Assets Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Common equity Total liabilities and equity $100 275 375 $750 2,300 $3,050 $150 75 150 $375 450 825 1,225 1,000 2,225 $3,050 $85 300 250 $635 1,490 $2,125 $85 50 75 $210 290 500 1,225 400 1,625 $2,125 Income Statements 2019 2018 Sales $2,285 $1,605 Operating costs excluding depreciation and 1,250 1,000 amortization EBITDA $1,035 $605 Depreciation and amortization 100 75 EBIT $935 $530 Interest 63 46 EBT $872 $484 Taxes (25%) 218 121 Net income $654 $363 Dividends paid $54 $48 Addition to retained earnings $600 $315 Shares outstanding 100 100 Price $22.50 $25.00 10.00% WACC 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 2019 free cash flow (FCF)? Use a minus sign to indicate a negative FCF. Round your answer to the nearest cent. $