Quantitative Problem: Rosnan Industries' 2019 and 2018 balance sheets and income statements are shown below. Balance Sheets Assets 2019 2018 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 1,225 1,225 Retained earnings 1,000 400 Common equity 2,225 1,625 Total liabilities and equity $3,050 $2,125 Income Statements 2019 2018 $2,315 1,250 $1,300 1,000 $1,065 100 $300 75 Sales Operating costs excluding depreciation and amortization EBITDA Depreciation and amortization EBIT Interest Taxes (25%) Net Income $225 $965 63 46 $179 $902 226 $677 45 $134 1,250 1,000 Operating costs excluding depreciation and amortization EBITDA Depreciation and amortization EBIT Interest EBT Taxes (259) Net Income $1,065 100 $965 63 $300 75 $225 46 $179 45 $134 $902 226 $677 Dividends pald Addition to retained earnings $54 $600 $36.25 Shares outstanding Price 100 $25.00 10.00% 100 $22.50 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 $ -801.2: Show All Feedback Check My Work