Quantitative Problem: Rosnan Industries' 2019 and 2018 balance sheets and income statements are shown below. Balance Sheets 2019 2018 Assets 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 Liabilities and Equity Accounts payable $150 $85 Accruals 75 50 Notes payable 150 75 Total current liabilities $375 $210 Long-term debt 450 290 Total liabilities 825 500 Common stock Retained earnings 1,225 1,225 1,000 400 Common equity Total liabilities and equity 2,225 1,625 $3,050 $2,125 Income Statements: 2019 2018 Sales $2,385 $1,625 Operating costs excluding depreciation and 1,250 1,000 amortization EBITDA Depreciation and amortization EBIT $1,135 100 $625 75 $1,035 $550 Interest EBT 63 46. $972 $504 Taxes (25%) 2431 126 Retained earnings Common equity Total liabilities and equity 1,000 400 2,225 1,625 $3,050 $2,125 Income Statements 2019 2018 Sales $2,385 $1,625 Operating costs excluding depreciation and 1,250 1,000 amortization EBITDA $1,135 $625 Depreciation and amortization 100 75 EBIT Interest EBT $1,035 63 $972 $504 $550 46 Taxes (25%) Net income 243 126 $729 $378 Dividends paid $54 $48 Addition to retained earnings $675 $330 Shares outstanding 100 Price WACC $25.00 10.00% 100 $22.50 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 Grade it Now Save & Continue