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 Sales $2,125 $1,615 Operating costs excluding depreciation and 1,250 1,000 amortization EBITDA Depreciation and amortization EBIT $775 Interest EBT $712 Taxes (25%) Net income $875 $615 100 75 $540 63 46 $494 178 124 $534 $371 Dividends paid $54 $48 Addition to retained earnings $600 $322.5 Shares outstanding 100 100 Price WACC $25.00 10.00% $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