Quantitative Problem: Rosnan Industries' 2019 and 2018 balance sheets and income statements are shown below. Balance Sheets 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 \begin{tabular}{rr} 2019 & \multicolumn{1}{c}{2018} \\ \hline$100 & $85 \\ 275 & 300 \\ 375 & 250 \\ \hline$750 & $635 \\ 2,300 & 1,490 \\ \hline$3,050 & $2,125 \\ \hline \hline \end{tabular} \begin{tabular}{rr} $150 & $85 \\ 75 & 50 \\ 150 & 75 \\ \hline$375 & $210 \\ 450 & 290 \\ \hline 825 & 500 \\ 1,225 & 1,225 \\ 1,000 & 400 \\ \hline 2,225 & 1,625 \\ \hline$3,050 & $2,125 \\ \hline \hline \end{tabular} Income Statements \begin{tabular}{rr} \multicolumn{1}{c}{2019} & \multicolumn{1}{c}{2018} \\ \hline$2,310 & $1,515 \\ 1,250 & 1,000 \\ & \\ \hline$1,060 & $515 \\ 100 & 75 \\ \hline$960 & $440 \\ 63 & 46 \\ \hline$897 & $394 \\ 224 & 99 \\ \hline$673 & $296 \\ \hline \hline \end{tabular} Dividends paid Addition to retained earnings $54 $48 $600 $247.5 Shares outstanding Price 100 100 $25.00 $22.50 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