Quantitative Problem: Rosnan Industries' 2019 and 2018 balance sheets and income statements are shown below. Balance Sheets Assets 2019 2018 Cash and equivalents $100 $85 300 Accounts receivable 275 Inventories 375 250 Total current assets Net plant and equipment $750 2,300 $3,050 $635 1,490 $2,125 Total assets Liabilities and Equity Accounts payable $150 $85 Accruals 75 50 Notes payable 150 75 Total current liabilities $375 $210 290 Long-term debt 450 Total liabilities 825 500 1,225 400 Common stock Retained earnings Common equity Total liabilities and equity 1,225 1,000 2,225 $3,050 1,625 $2,125 Income Statements 2019 2018 Sales $2,335 1,250 $1,515 1,000 Operating costs excluding depreciation and amortization EBITDA $1,085 $515 Depreciation and amortization 100 75 EBIT $985 $440 Interest 63 46 EBT $922 $394 Taxes (25%) 231 99 Net income $692 $296 $54 Dividends paid Addition to retained earnings $48 $247.5 $600 100 100 Shares outstanding 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. $ -110.7