Question 11 Leem Segit. the chief executive officer of R. Madrid Corporation has asked his chief financial other. Ronaldo Christina, to prepare a valuation of MAN for the purpose of selling the company to a private investment partnership. Madrid is a profitable $320.132.605 annual sales manufacturer Christino assumes for the next 12 months that Madrid's revenues increase by the long-term annual growth rate of 4 percent She also makes the following assumptions to calculate the free cash flow to the firm for the next 12 month Gross profit margin is 45 percent. Depreciation is 2 percent of revenues Selling general, and administrative expenses are 21 percent of revenues. Capital expenditures equal 124 percent of depreciation to support the current level of revenues Additional capital expenditures of 16 percent of incremental revenues are needed to fund future growth . Working capital investment equals 6 percent of incremental revenues Marginal tax rate on EBIT is 28 percent Your task is to estimate the free cash flow to the form If your answer is negative, please input as a negative number, and round your answer to the nearest Integer. For example, input 25,078,043 as your answer a 12 pts Question 2